5 things to know before the stock market opens Tuesday

5 things to know before the stock market opens Tuesday

1.Nasdaq set to drop as short and long bond yields rise fell Tuesday. The was set to open nearly 1% lower, hit by ' drop on disappointing earnings. The was tracking for a 1.5% drop at the open as bond yields at the short end and the long end of the curve move higher. The broke above 1% for the , a month before the Covid pandemic declaration, which sent the U.S. economy into a recession. The yield topped 1.83%, its highest since January 2020. The stock market was closed Monday for Martin Luther King Jr. Day. Friday, the Dow, the and the Nasdaq were all lower for last week. 2. Activision soars on Microsoft deal to buy the video game giant will buy video game giant in a $68.7 billion all-cash deal. Activision makes popular game franchises such as "Call of Duty." Activision has been mired in controversy in recent months due to allegations of sexual harassment and misconduct among company executives. Shares of Activision soared about 37% in premarket trading, before being halted after the Wall Street Journal first reported the deal. Microsoft shares fell more than 2% following the announcement. 3. Goldman Sachs misses on quarterly earnings;