Stocks steady, ADP jobs data on deck, rare Apple downgrade, Intel leaps, UAW strikes latest - Five Things To Know
Stocks steady, ADP data on deck, Apple, Intel, UAW strikes
Five things you need to know before the market opens on Wednesday October 4:
1. -- Stock Market Today: Treasury yields extend spike with stocks at 4-month lows
With Treasury yields rising, and market volatility gauges surging, stocks are set for another rough ride Wednesday with ADP jobs data in focus.
2. -- ADP jobs data in focus as Treasury yields surge on labor market resilience
The U.S. labor market continues to surprise investors as hiring accelerates into the autumn months, defying summer recession concerns.
3. -- Apple stock slides after rare KeyBanc downgrade on iPhone sales concern
KeyBanc, in a rare downgrade for the world's biggest tech company, said iPhone sales could be pressured over the final months of the year.
4. -- Intel stock jumps after unveiling plans to spin-off programable chip unit
Intel plans to spin-off its PSG division, which it purchased from Altera for around $17 billion in 2015, over the next two years.
5. -- Ford makes 'comprehensive' counter-offer to UAW as strike talks resume
Ford said its new proposals would form the basis for a 'master labor agreement' that would extend until the spring of 2028.
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