Five things you need to know before the market opens on Friday August 18:
1. -- Stocks extend slide as Treasury yield surge, China woes clip sentiment
A surge in Treasury bond yields has tech stocks in their worst three-day run since February, with markets focused on renewed inflation risks and China weakness.
2. -- Deere earnings smash forecasts as farm equipment demand drives outlook boost
Deere followed rival equipment maker Caterpillar in topping Street earnings forecasts and lifting its full-year profit outlook amid robust global demand.
3. -- US Steel says union can't block rival bids after supporting Cleveland Cliffs
The United Steelworkers Union is supporting Cleveland Cliffs takeover bid for U.S. Steel, but it can't block over rivals, the iconic steelmaker said.
4. -- Estee Lauder earnings on deck with China recovery, U.S. demand in focus
Estee Lauder is likely to focus on China demand and the loss of U.S. market share to its lower-priced European rivals when it publishes fourth quarter earnings later this morning.
5. -- Palo Alto Networks slips lower ahead of 'Friday Night Special' earnings
Palo Alto Networks will publish a rare Friday night earnings report later day following a muted outlook from cybersecurity rival Fortinet earlier this week.
