By Danilo
Hey, moomooers! Here are things you need to know before the opening bell:
-U.S. stock futures were higher Wednesday morning after the Nasdaq plummeted in its worst day since March as a spike in bond yields sent stocks tumbling.
-Competition watchdog says tech giant has too much influence in online advertising services and new regulations are needed to level the playing field.
Market Snapshot
U.S. stock futures were higher Wednesday morning after the Nasdaq plummeted in its worst day since March as a spike in bond yields sent stocks tumbling.
$Dow Jones Industrial Average (.DJI.US)$ futures rose 197 points. $S&P 500 Index (.SPX.US)$ and $NASDAQ 100 Index (.NDX.US)$ futures both traded in positive territory.
Top News
Global markets track U.S. declines
Global stocks declined, after rising bond yields put pressure on technology stocks and pushed the S&P to its steepest pullback since May.
Yellen says treasury could exhaust cash reserves by Oct. 18 if debt limit isn't lifted
Treasury Secretary Janet Yellen testified with Fed Chairman Jerome Powell before lawmakers after Senate Republicans blocked a bill that would both fund the government and lift the borrowing limit.
Warren says she will vote against second term for Fed's Powell
President Biden hasn't announced his pick to lead the central bank next year, and Democrats are split over Federal Reserve Chairman Jerome Powell's potential reappointment.
Progressives split on backing Thursday's House infrastructure vote
Democrats' powerful progressive bloc split over whether lawmakers should vote for a roughly $1 trillion bipartisan infrastructure package this week even if a larger education, healthcare and climate package remains in flux.
CNN restricts access to Facebook pages in Australia
CNN said it restricted access to the pages following a ruling from that country's high court that makes news organizations legally liable for comments on their $Meta Platforms (FB.US)$ posts.
Lego builds on its position as world's No.1 toy maker
The Danish toy maker reported a 46% rise in first-half sales, saying it had shrugged off the pandemic and its disruption to global supply chains.
Google faces pushback in Australia over online Ad fees
Competition watchdog says tech giant has too much influence in online advertising services and new regulations are needed to level the playing field. $Alphabet-A (GOOGL.US)$
Read More
Yield rise to favor cyclical sectors, rather than ending the equity rally
Micron Technology fiscal Q4 non-GAAP EPS, revenue jump; fiscal Q1 outlook trails expectations
Surging Treasury yields batter ARK fund amid broad tech selloff
API data reportedly show an unexpected weekly climb in U.S. crude supplies
Amazon gadgets bring a way to interact with Disney characters, and trouble for Peloton stock
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg