Dow Rises Nasdaq Dips Back Into the Red

Here Are 3 Hot Things to Know About Stocks Right Now

Following the stock market rout on Monday, the Dow Jones Industrial Average, the S&P 500 and Nasdaq all have entered correction territory, down 10% from their all-time highs.
The tech-heavy Nasdaq has declined 0.5% for 2018. It has fallen in 11 of the past 15 sessions.
The S&P 500 fell 2.2% on Monday and closed below its 200-day moving average for the first time since the U.K. voted to leave the European Union in June 2016.

Wall Street Overview

Stocks were higher Tuesday, April 3, but trading was choppy following a selloff in the previous session that was led by a plunge in technology shares.

The Dow Jones Industrial Average rose 94 points, or 0.4%, to 23,730. Leading the Dow higher were Nike Inc. (NKE) , UnitedHealth Group Inc. (UNH) and Johnson & Johnson (JNJ) .The S&P 500 was up 0.12%. The Nasdaq was the lone index in the red, falling 0.1%.

The selloff on Wall Street on Monday, April 2, marked the worst start to April since the Great Depression. Stocks plunged Monday, the first trading day of the second quarter, with the three major indexes tumbling into correction territory. The Nasdaq slumped 2.74%, led by a 5.2% drop in shares of Amazon.com Inc. (AMZN) after Donald Trump renewed his attacks on the the e-commerce giant, and a 2.8% decline for Facebook Inc. (FB) amid its widening data privacy scandal.

Amazon fell 0.6% on Tuesday, while Facebook also declined 0.6%.

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Tesla Inc. (TSLA) said Tuesday production in the first quarter totaled 34,494 vehicles, a 40% increase from the fourth quarter. Tesla said it produced 24,728 Model S and Model X units in the first quarter. Deliveries totaled 29,980 vehicles, of which 11,730 were Model S, 10,070 were Model X and 8,180 were Model 3. The stock of the electric carmaker rose 5.3%.

Is Tesla ready to shock Wall Street? �� $TSLA https://t.co/6rY5udzPKL
— Brian Sozzi (@BrianSozzi) April 3, 2018

Ford Motor Co. ( F) said car sales in March rose 3.4%, ahead of estimates of 2.8%, while sales at Fiat Chrysler Automobiles N.V. ( FCAU) gained 13.6% during the month, beating estimates that called for an increase of 3.3%. Ford shares rose 2% and Fiat Chrysler jumped 7.9%.

General Motors Co. ( GM) said sales in March jumped 15.7%, well ahead of forecasts of an increase of 3.6%. The biggest automaker in the U.S. said Tuesday the March report would be its last monthly report, and it will instead begin issuing U.S. sales updates on a quarterly basis. The stock gained 2%.

Twenty-First Century Fox Inc. ( FOXA) has offered to ring-fence Sky News and possibly sell it to the Walt Disney Co. ( DIS) in its bid to gain approval for its acquisition of Sky PLC ( SKYAY) .

Disclosures by Britain's Competition and Markets Authority on Tuesday showed that Fox has offered to transfer Sky News to a newly established private company as soon as reasonably possible after the Sky acquisition closes. Fox, in a statement, said that Disney has expressed interest in buying the news channel whether or not Disney's proposed $66 billion acquisition of Fox's entertainment assets proceeds.

Shares of Fox fell 1.1%, while Disney was down 0.4%.

CBS Corp. ( CBS) has prepared a low-ball bid to buy Viacom Inc. ( VIAB) , the owner of MTV and Nickelodeon, the Los Angeles Times reported.

CBS' proposed all-stock offer -- which could come in the next few days -- was expected to place a lower valuation on Viacom than its current market capitalization, according to a person familiar with the matter, the Los Angeles Times reported.

Viacom declined 3.48%, while shares of CBS rose 2.7%.

Spotify Technology Inc. ( SPOT) opened trading Tuesday on the New York Stock Exchange at $169.50, well above it's indicated price. At last check, shares of the streaming music giant were at $160.71.

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