U.S. stock futures are little changed after the Dow Jones Industrial Average and the 澳洲幸运5官方开奖结果体彩网:S&P 500 closed Tuesday at fresh record highs; Facebook and Instagram parent Meta Platforms (META) starts its annual "Connect" conference today; Micron (MU) is expected to report 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI)-fueled quarterly gains after the bell; Visa (V) is paring some of Tuesday's sharp losses after the DOJ filed an antitrust lawsuit against it; and China threatens to ban Calvin Klein parent PVH Corp. (PVH) from selling there. Here's what investors need to ꦉknow today.ꦉ
1. US Stock Futures🥂 ♔Little Changed After Fresh Dow, S&P 500 Records
U.S. stock futures are little changed after the Dow Jones Industrial Average and the S&P 500 both closed at a record high for 澳洲幸运5官方开奖结果体彩网:the second straight day—it was the third consecutive day that the Dow finished at a record—while the Nasdaq also finished higher. The three major indexes have steadily recovered in recent weeks from a selloff in early September, with the most recent boost coming from the 澳洲幸运5官方开ꩲ奖结果体彩网:Federal Reserve's🧸 first interest-rate cut in more than four years.
2. Facebook Parent Meta Begins 'Connect' Event With AI, VR in Focus
Meta Platforms' (META) annual "Connect" conference 澳洲幸运5官方开奖结果体彩网:kicks off today, with 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Mark Zuckerberg set to give a keynote address at 1 p.m. ET that's expected to focus on developments in Meta's 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) and 澳洲幸运5官方开奖结果体彩网:virtual reality (VR) products. The Facebook and Instagram parent could unveil updates to the smart glasses it makes in a partnership with Ray-Ban, new 澳洲幸运5官方开奖结果体彩网:augmented reality (AR) glasses, or a lower-cost version of its Quest line of headsets, Bank of America said. ღMeta shares are little changed in premarket trading.
3. Mi꧒cron Expected to Post AI-Fueled Quarterly Gains🌸 After the Bell
Micron (MU) shares are in focus as the chipmaker ended Tuesday with its 澳洲幸运5官方开奖结果体彩网:fourth straight session of increases before its eagerly anticipated 澳洲幸运5官方开奖结果体彩网:fiscal fourt🔥h-quarter earnings report due after the closing bell today. Analysts expect the company to swing to a profit and nearly double its reꦬvenue from a year earlier as it continues to benefit from surging demand for high-bandwidth AI memory chips to power data centers, smartphones, and PCs. Micron stock is edging higher in premarket trading.
4. Visa Pares Tuesday's Losses After DOJ Antitrust Suit
Visa (V) shares are edging higher in premarket trading after sinking 5.5% Tuesday as the U.S. Department of Justice (DOJ) sued the 澳洲幸运5官方开奖结果体彩网:payment processing giant over allegedly 澳洲幸运5官方开奖结果体彩网:monopolistic behavior aimed at 澳洲幸运5官方开奖结果体彩网:protecting its dominant position in the debit card market. The DOJ's lawsuit alleged Visa "has been the largest, most powerful debit network for over a decade," and that the company's contracts with merchants "unlawfully inhibit competition and stifle innovation."
5. China Threatens to Ban Calvin Klein Parent PVH From Selling Ther🍌e
Beijing said it is investigating PVH Corp. (PVH) in moves that may block the American clothing firm from selling its products in the Chinese market, as tit-for-tat trade curbs between the U.S. and China rachet up. China is accusing PVH, whose brands include Calvin Klein and Tommy Hilfiger, of boycotting cotton products from Xinjiang, an autonomous region in northwest China from where the U.S. has banned certain imports over forced labor allegations. PVH shares are rising less than 1% in premarket trading.