Jeremy Grantham, co-founder of renowned money manager GMO, sees commodity prices continuing to rise.

Deutsche Bank had agreed to pay $130 million for its involvement in overseas corruption and market manipulation.

Record profits for the world's three biggest tech companies were clouded by Delta-variant concerns, changes in CDC mask guidelines on the ongoing turmoil in China's financial markets.

Deutsche Bank, Yum China, Genpact, Haverty Furniture Companies and Hess Corp. are five top stock gainers for Wednesday.

A key inflation benchmark is trading at 8-year highs ahead of today's Fed rate decision, with bond yields moving north amid another round of big tech earnings highlighted by Apple and Facebook after the close.

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.