Five things you need to know before the market opens on Thursday October 5:
1. -- Stock Market Today: Treasury yields slide, stocks lower with jobs data in focus
Stocks continue to track Treasury yield moves, but an overnight pullback has yet to lift Wall Street futures ahead of weekly jobless claims data at 8:30 am Eastern time.
2. -- Weekly jobless claims up next following soft ADP data; payrolls on deck
Stocks will continue to key on labor market data this week with weekly jobless claims and September non-farm payrolls expected today and tomorrow.
3. -- Amazon, Microsoft slip lower as Britain opens probe into cloud market dominance
Competition authorities in Britain will launch a probe into allegations that Amazon and Microsoft are abusing their market dominance in the $9 billion cloud computing market.
4. -- Exxon slides amid crude oil slump, but sees solid Q3 profits from summer rally
Exxon, the biggest U.S. oil producer, said third quarter earnings should rise from the prior period following a summer rally in global crude prices.
5. -- Rivian stock tumbles as convertible bond sale offset solid sales forecast
Rivian said it will sell $1.5 billion in convertible bonds as it looks to fund the production of its R2 electric SUV.
