The Market In 5 Minutes: Apple, Xerox, Buffett, Mueller And More

N THE NEWS

Apple Inc AAPL shares rose more than 4 percent following a second-quarter earnings report after Tuesday's close: Link

Even amid the thick of earnings season, biotech stocks sway to the din produced by catalytic events, which include PDUFA action dates: Link

For three days in early May, over 40,000 investors and spectators will flock to the city of Omaha Nebraska to attend what many call the "Woodstock for Capitalists": Link

Xerox Corp. XRX said its chief executive, Jeff Jacobson, is resigning in a settlement with two of the company’s biggest investors, Carl Icahn and Darwin Deason, a pact that shakes up the majority of the board and puts its transaction with Fujifilm Holdings Corp. at risk: Link $

Special Counsel Robert Mueller, in a meeting with U.S. President Donald Trump’s lawyers in March, raised the possibility of issuing a subpoena for Trump if he declines to talk to investigators in the Russia probe, a former lawyer for the president said on Tuesday: Link

The rout in BYD Co. shares is nearing $9 billion as investors desert what was the world’s top stock only months ago: Link

ECONOMIC DATA

• USA ADP Employment Change for Apr 204.0K vs 200.0K Est; Prior 241.0K
• The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.
• The Federal Open Market Committee will announce its policy decision at 2:00 p.m. ET.

ANALYST RATINGS

• Bank of America upgraded Juniper JNPR from Neutral to Buy
• DA Davidson upgraded Domtar UFS from Underperform to Neutral
• KeyBanc downgraded Tanger Factory SKT from Sector Weight to Underweight
• Argus downgraded Hershey HSY from Buy to Hold

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.