Stocks are tanking to start Q2 as Trump attacks Amazon and trade wars heat up—big time. Plus, with Amazon getting hammered, is Alibaba your best play in e-commerce? And Spotify’s IPO is almost here. We break down what will be a wild day tomorrow. Plus, after Spotify, how do you identify the next big startup? Rajat Bhargava, serial entrepreneur and author of the book ‘The Startup Playbook,’ is here to tell you how. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks bucking the tough tape include Barrick Gold as the miner gets a bump from gold rising today; SELLAS Life Sciences as the biotech firm reported upbeat data for a breast cancer treatment; and Humana, with shares getting nice boost on reports Walmart is considering a takeout bid for the insurer. A deal would be worth close to $40 billion.
Stocks in the red include Nvidia as Wells Fargo claims risks are rising “significantly” due to the big drop in cryptocurrencies; Intel, as Bloomberg reports Apple plans to move from Intel chips to its own custom Mac chips as early as 2020; and Tesla, as in a series of April Fools’ tweets, Elon Musk joked that the company was bankrupt, surprising investors. Separately, the automaker confirmed autopilot was engaged during a deadly crash in March. Tesla says the driver was warned several times to grab the steering wheel.