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In August 2024, China's automotive market exhibited a positive month-on-month (MoM) growth trajectory

‘He is clearly expecting a correction of some kind,’ Musk previously warned.

Markets will look to the release of minutes from the Fed's September policy meeting later in the session.

Shares of Alphabet fell 1.4% in premarket trading after the U.S. Department of Justice said it may ask a judge to force Google to divest parts of its business, including the Chrome internet browser and Android operating system. Indexes closed higher on Tuesday, recovering from Monday's selloff, with technology stocks leading the gains as U.S. Treasury yields eased. Minutes from the Fed's September meeting, when policymakers kicked off policy easing with a 50-basis-point rate cut, are due later in the day.

The stock market is back to thinking about the "no landing" scenario. It's not as undesirable as a hard landing, but an overheating economy clouds the picture for investors.

Shares in mainland China plunged as traders expressed their disappointment with the lack of new stimulus. The U.S. government's possible attempt to break up Google weighed on tech.

(Bloomberg) -- US futures slipped Wednesday, pressured by news that US authorities are weighing an antitrust crackdown on Google-owner Alphabet Inc., as well as signs the Federal Reserve will proceed gradually with interest-rate cuts.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by