Five things you need to know before the market opens on Monday, October 23:
1. — stock market Today: stocks Fall, 10-Year Yields Top 5%, As War Risks Cloud Markets
Lingering risks of a regional conflict in the Middle East, coupled with a prolonged rise in Treasury yields, sent stocks back into the red in early trading on Monday.
2. — Chevron targets Hess Corp in $53 billion mega oil deal
In the second major oil megadeal in less than a month, Chevron said Monday it will pay $53 billion for Hess Corporation.
3. — Apple falls amid reports of a Chinese tax investigation into iPhone assembler Foxconn
Taiwan-based Foxconn, the world’s largest assembler of Apple iPhones, is in the crosshairs of China’s tax authorities.
4. — Bond markets back in focus, with 2-year bond auction underway, as selloff continues
The Treasury will launch another $114 billion in bond sales this week with a two-year benchmark auction later today that will be a tough test of demand in a weakening market.
5. — Roivant grows as company founded by Vivek Ramaswamy sells intestinal disease drug for $7.1 billion
Roivant, the drug developer founded by Republican presidential candidate Vivek Ramaswamy, has sold the rights to its intestinal disease treatment for $7.1 billion.
