$Alibaba(BABA.US)$ It rises by tens of yuan in a few months, and is leveled off by you overnight

By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock index futures were little changed during early morning trading on Wednesday, after the S&P 500 on Tuesday posted its fifth straight winning session as strong earnings numbers lift sentiment.
- Special purpose acquisition company BowX Acquisition said its shareholders approved the previously announced business combination with the shared-workspace company WeWork.
Market Snapshot
U.S. stock index futures were little changed during early morning trading on Wednesday, after the S&P 500 on Tuesday posted its fifth straight winning session as strong earnings numbers lift sentiment.
Futures contracts tied to the $Dow Jones Industrial Average(.DJI.US)$added just 4 points. $S&P 500 Index(.SPX.US)$futures and $NASDAQ 100 Index(.NDX.US)$futures both traded marginally lower.
Market Temperature
Read More：Market Temperature (10/20)
Top News
Waller: If inflation doesn't cool by year-end, Fed could bring rate increases forward
Federal Reserve Gov. Christopher Waller said the central bank could move forward the timeline for raising short-term interest rates to restore price stability if high levels of inflation don't start cooling soon, adding that he supports the Fed slowing its asset buying stimulus effort starting next month.
Biden identifies cuts to social policy and climate bill
Democrats accelerated efforts to strike a deal on the legislation. Two years of tuition-free community college and a clean electricity program could be dropped, while other programs may be slimmed down.
U.S. lawmakers turn spotlight on private equity
A group of legislators led by Sen. Elizabeth Warren plans to reintroduce the Stop Wall Street Looting Act this week amid hearings on buyout-firm practices
Stocks close higher as companies report earnings
Major indexes climbed as investors parsed earnings reports for insight into how companies are coping with inflation and supply-chain disruptions.
Netflix finds even 'Squid Game' only has so much reach
While the new blockbuster series is helping to lift subscriber growth, a projection only in line with forecasts tempers the reaction following a stock-price surge. $Netflix(NFLX.US)$
Credit Suisse to pay fine, admits defrauding investors to settle Mozambique charges
The company $Credit Suisse Group AG(CS.US)$agreed to pay $475 million and forgive $200 million Mozambique owes to investors in coordinated settlements with U.S. and European authorities over loans the bank made in the country.
SPAC shareholders approve deal that will take WeWork public
Special purpose acquisition company BowX Acquisition said its shareholders approved the previously announced business combination with the shared-workspace company.
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg

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