Stocks lower, jobs data in focus, Microsoft, Amazon, Exxon, Rivian
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.Stocks will continue to key on labor market data this week with weekly jobless claims and September non-farm payrolls expected today and tomorrow.
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.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.Rivian said it will sell $1.5 billion in convertible bonds as it looks to fund the production of its R2 electric SUV.
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