By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures edged higher in overnight trading on Wednesday after the S&P 500 and the Dow Jones Industrial Average slipped from their record highs.
- The burger giant McDonald says it is trying to keep pace with rapidly growing costs, with wages alone up at least 10% so far this year at U.S. restaurants.
Market Snapshot
Stock futures edged higher in overnight trading on Wednesday after the S&P 500 and the Dow Jones Industrial Average slipped from their record highs.
$Dow Jones Industrial Average (.DJI.US)$ futures rose 26 points. $S&P 500 Index (.SPX.US)$ futures and $NASDAQ 100 Index (.NDX.US)$ futures both traded in mildly positive territory.
Market Temperature
Read More: Market Temperature (10/27)
Top News
Stocks fall as big earnings reports roll in
Stocks fell Wednesday as investors examined earnings results from more of the biggest U.S. companies.
SEC won't approve leveraged Bitcoin fund
The regulator has signaled it will allow only unleveraged funds tied to the cryptocurrency, at least for now.
Orders for big-ticket products drop amid supply constraints
Orders for goods such as appliances, computers and cars decreased in September for the first time since spring, as manufacturers continued to confront higher material costs and parts and labor shortages.
CFTC chief says recent crypto cases are 'tip of the iceberg'
Acting Chairman Behnam urges Congress to consider expanding the agency's ability to oversee cryptocurrency markets.
Why Apple's privacy changes hurt Facebook but benefited Google
New iPhone privacy standards rocked digital advertising, raising some boats and lowering others. $Apple (AAPL.US)$ $Meta Platforms (FB.US)$ $Alphabet-A (GOOGL.US)$
Hertz links up with Uber to offer 50,000 Tesla rentals
The deal comes days after Hertz, which has emerged from pandemic-induced bankruptcy, said it was making a significant investment in an electric-vehicle rental fleet. $Hertz Global Holdings, Inc. (HTZZ.US)$ $Uber Technologies (UBER.US)$ $Tesla (TSLA.US)$
McDonald's raises menu prices as U.S. worker wages climb
The burger giant says it is trying to keep pace with rapidly growing costs, with wages alone up at least 10% so far this year at U.S. restaurants. $McDonald's (MCD.US)$
Read More
Alphabet on verge of $2 trillion valuation after earnings surge
Best of Twitter | Elon Musk slams billionaire tax
Best of Twitter | El Salvador 'buys the dip' and acquires another 420 bitcoins
Spotify reports third quarter 2021 earnings
Nvidia-Arm deal could lead to higher prices, EU says as in-depth probe is launched
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg

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