1. Investment restrictions: The White House is expected to announce new investment restrictions on Wednesday. The United States has long accused China of intellectual property theft, which it says has cost the US economy billions of dollars in revenue and thousands of jobs.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -116.00 | | -50.50 | | -9.75 | | -0.48% | | -0.71% | | -0.36% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -70.23 | | -31.33 | | +10.48 | | 22,271.77 | | 2,813.18 | | 7,548.40 | | -0.31% | | -1.10% | | +0.14% | | | |
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| | | Biggest Winners | | Mosaic Co | +0.96% | | | | AT&T Inc | +0.76% | | | | Yum! Brands Inc | +0.30% | | | | Marathon Petroleum Corp | +0.23% | | | Biggest Losers | | Qualcomm Inc | -2.13% | | | | Micron Technology Inc | -1.36% | | | | Fifth Third Bancorp | -1.35% | | | | General Mills Inc | -1.24% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Investment restrictions; Oil surge; GE relief | | By Ivana Kottasová | | | | 1. Investment restrictions: The White House is expected to announce new investment restrictions on Wednesday. | | | | The United States has long accused China of intellectual property theft, which it says has cost the US economy billions of dollars in revenue and thousands of jobs. | | | | The Trump administration announced tariffs on $50 billion of Chinese goods over the issue, some of which are set to go into effect next month. Now it's looking into potentially restricting Chinese investment into some industries and technologies. | | | | The Chinese yuan lost ground against the dollar on Wednesday. The benchmark Shanghai Composite shed 1.7%, dropping further into bear market territory. | | | | 2. Oil jumps on Iran: US crude futures increased 0.4% on Wednesday to trade at $70.80 per barrel. | | | | Prices jumped by over 3.5% on Tuesday after the US State Department said it expects all countries to end imports of Iranian oil by November 4. | | | | The news suggests the Trump administration is holding a hard line as it withdraws from the 2015 Iran nuclear agreement under which Iran rolled back its nuclear program in exchange for broad sanctions relief. | | | | A new report on US crude inventories will be released at 10:30 a.m. ET. | | | | 3. Financial health check: The Bank of England will publish its Financial Stability Report on Wednesday, offering its views on risks to the UK financial system. | | | | Central bank governor Mark Carney will speak about the report at 6:00 a.m. ET. | | | | 4. GE spikes: Shares in General Electric jumped 8% on Tuesday, the biggest gain in three years, after the company announced plans to sell off more businesses. | | | | Cash-strapped GE said Tuesday it will spin off its health care business and sell its stake in oil and gas company Baker Hughes. | | | | The announcement came on the same day that GE was removed from the Dow Jones Industrial Average, ending its 110-year run in the elite 30-stock index. | | | | 5. Global market overview: US stock futures were lower. | | | | European markets opened down, following a negative trading session in Asia. | | | | The Dow closed 0.1% higher on Tuesday. The S&P 500 gained 0.2% and the Nasdaq added 0.4%. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 6. Earnings and economics: General Mills will release earnings before the open. Bed Bath & Beyond, Pier 1 Imports and Rite Aid will follow after the close. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
| | | | | | Wednesday — Bed Bath & Beyond, General Mills, Rite Aid earnings
Thursday — Nike, Walgreens Boots Alliance earnings; Foxconn breaks ground in Wisconsin; Stress test results
Friday — University of Michigan Consumer Sentiment report, US inflation data | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $71.11 | +0.58 / +0.82% | | | Gold | $1,259.90 | 0.00 / 0.00% | | | 10-yr | 2.88% | +0.01 / +0.17% | | | Euro | $1.16 | -0.00 / -0.09% | | | |
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