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The Market In 5 Minutes: Why Do We Get High On 4/20?

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Boeing Company The NYSE:BA, DISH Network Corporation NASDAQ:DISH - The Market In 5 Minutes: Why Do We Get High On 4/20?

Below 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. Apply for daily AM access by clicking here or email minutes@benzinga.com.

Macro Focus

Donald Trump and Hillary Clinton notched resounding victories in New York Tuesday night, answering questions about their command of the race as the front-runners moved significantly closer to their party's nominations.

Asian stocks were mostly lower during Wednesday's trading session, led by a more than 2 percent decline in China's Shanghai index. According to China Daily, the selloff in Chinese equities were attributed to market speculations that monetary easing will be less likely following recent data points that show a stabilization of the economy.

The price of crude oil fell nearly 2 percent and was trading at $41.73 a barrel. Gold futures for April delivery were lower by 0.42 percent as well. Commodity-linked currencies, such as the Australian and Canadian dollar, pulled back from recent multi-month highs while the Euro held steady at $1.137 ahead of Thursday's European Central Bank meeting.

"Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign shipowners remain reluctant to carry its cargoes," an exclusive Reuters report said. "Tehran is seeking to make up for lost trade to Europe following the lifting of EU sanctions imposed in 2011 and 2012, which deprived it of a market that accounted for...


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