Wall Street Today | Amazon to stop accepting U.K.-issued Visa credit cards

Asian stocks looked set to fall Thursday as the prospect of faster monetary-policy tightening to tackle inflation looms over the global economic recovery. Treasury yields and the dollar retreated.

The worst quarter for the S&P 500 since the start of the pandemic appears to have driven away some do-it-yourself investors.

The retail trading surge that began with pandemic lockdowns has now abated, as total equity volume from individual investors fell to 19% in the third quarter, down from 24% at the start of this year, according to Securities and Exchange Commission and market data compiled by Bloomberg Intelligence.

Futures in New York closed down 3% on Wednesday with both benchmarks dropping below their 50-day moving averages. President Joe Biden and his Chinese counterpart Xi Jinping discussed the merits of releasing oil from their reserves in a virtual summit Monday but didn't make a decision, according to officials familiar with the discussions.

In a letter on Wednesday, President Biden urged the Federal Trade Commission to probe possible illegal conduct in U.S. gasoline markets.

Korea’s ETFs focused on the metaverse, many of them newly listed, have seen double-digit gains this month to trump the Kospi benchmark's 0.3% decline.

Prices for Mirae Asset Tiger Fn Metaverse ETF -- the largest in the country by market value, Samsung Kodex K-Metaverse Active ETF, NH-Amundi HANARO K-Metaverse MZ ETF and KB KBSTAR iSelect Metaverse ETF have jumped by at least 24% since they all launched on Oct. 13.

"These costs should be going down over time with technological advancements," the Amazon spokesman said, "but instead they continue to stay high or even rise."

Nvidia said Wednesday that sales for the third quarter rose 50% to $7.1 billion, generating net income of $2.46 billion, surpassing Wall Street expectations. Revenue was buoyed by record videogaming sales of $3.2 billion, up 42% from the year-ago period, and record data-center sales, up 55% from the same time a year earlier.