Five things you need to know before the market opens on Wednesday October 11:
1. -- Stock Market Today: Stocks higher, Treasury yield slide on dovish Fed rate signals
Stocks are set for their fourth consecutive day of gains as investors bet on a solid third quarter earnings season and the end of the Fed's historic rate-hiking cycle.
2. -- Treasury auction in focus as 10-year sale tests demand, inflation outlook
A $35 billion auction of 10-year bonds later today will provide a key demand benchmark amid historic volatility in the Treasury bond market.
3. -- Novo Nordisk, Eli Lilly leap as Ozempic show promise in kidney patient treatment
Ozempic, the diabetes treatment often prescribed for weight loss, is also proving highly-effective in treating patients with chronic kidney disease.
4. -- Exxon to buy Pioneer Natural Resources for $60 billion in all-stock deal
The $60 billion tie-up between Exxon and Pioneer will create a shale oil giant with more than 1.4 million net acres in the Permian and Delaware basins and combined estimated production of 16 million barrels per day.
5. -- Delta Air Lines earnings in focus amid travel boom, surging fuel prices
Delta, the first of the major U.S. carriers to report third quarter earnings, is likely to detail the impact of surging jet fuel costs on record travel demand.
