thestreet.com/markets/-5-things-you-must-know-before-market-opens-thursday-102121
U.S. Stocks Slip, Tesla Wows, IBM Misses, Trump Launches 'Truth' - 5 Things You Must Know. Here are five things you must know for Thursday, October 21:1. St stocks Futures Slip Lower As Investors Pause October Rally. equity futures slipped lower Thursday, potentially snapping a six-day winning streak for the S&P 500. Investors paused from an earnings-driven rally that lifted the Dow to a fresh intra-day higher during yesterday's session. A series of stronger-than-expected September quarter earnings reports, including record profits from Tesla, have pushed U.S. stocks out of their October torpor. Futures tied to the tech-focused Nasdaq Composite are indicating a 30 point move to the downside at the start of trading. benchmark 10-year Treasury note yields edge higher, to 1.642%, in overnight trading. The Dow Jones Industrial Average is down 0.2%, the S&P 500 is up 0.3%, and the Nasdaq is down 1.2%. China Evergrande Group said late Wednesday that it had scrapped a planned sale of a majority stake in its property services subsidiary. The sale was expected to raise $2.6 billion for the indebted developer. News of the deal collapse came just days ahead of the expiry of a 30-day grace period on a missed coupon payment to foreign investors. Tesla shares edged lower Thursday after the clean-energy carmaker cautioned that ramping-up production would pressure profit margins. The cautious outlook somewhat clouded a record third quarter for the group. Tesla posted record net income of $2.093 billion, revenues of $13.76 billion and a 30.5% profit margin.
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