Stocks nudge higher, job report in focus, Exxon-Pioneer takeover talks, Tesla price cuts, Levi Strauss outlook - 5 Things To Know
Stocks higher, job report in focus, Exxon-Pioneer, Tesla, Levi Strauss
Five things you need to know before the market opens on Friday October 6:
1. -- Stock Market Today: Stocks gain, Treasury yields nudge higher ahead of jobs report
Stocks are braced for Friday's crucial jobs report following a series of mixed employment data and a volatile week for Treasury bond yields.
2. -- September jobs report could stoke Treasury yield surge, or stop it in its tracks
The Labor Department's September jobs report could have a major impact on the recent surge in Treasury bond yields are market remain fixated on renewed inflation pressures.
3. -- Pioneer Natural Resources surges on $60 takeover Exxon Takeover Talks
Exxon is reportedly looking to buy Permian producer Pioneer Natural Resources for around $60 billion.
4. -- Tesla stock slides on fresh Model 3, Model Y price cuts ahead of Q3 earnings
Tesla, which has vowed to put winning market share ahead of profits, unveiled another round of U.S. price cuts for its flagship models.
5. -- Levi Strauss slides after cutting full year sales outlook following muted Q3 earnings
A warm summer hit in-store traffic for Levi Strauss, and a pullback in consumer spending is likely to pressure sales into the final months of the year.
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