Stock futures edge higher as traders await minutes from the latest Federal Reserve meeting; Amazon extends gains after setting a record high; China ramps up its crackdown on the country's tech giants.

Nasdaq futures slide as investors bet Democrats could win the U.S. Senate and as U.S.-China tensions escalate; Alibaba reportedly plans a $5 billion bond sale; the NYSE could again reverse course on Chinese telco delistings.

Industrial tools and supplies distributor MSC Industrial Direct reports fiscal third-quarter earnings short of Wall Street forecasts and lowers its guidance amid sluggish sales.

Shares of metalworks company MSC Industrial fall more than 5% after reporting fiscal second-quarter results below Wall Street estimates.

MSC Industrial Direct falls despite a somewhat better-than-expected earnings report.

Here are Tuesday's top research calls, including upgrades for Disney, Continental Resources and Agios Pharmaceuticals, and downgrades for Chipotle, Brinker International and JPMorgan Chase.

These heavily shorted stocks could get squeezed much higher if they report positive earnings this week.

MSC Industrial (MSM) closed in the green on Wednesday after the company posted 2016 fiscal third quarter earnings that surpassed analysts’ expectations.

Portfolio Manager Brian Milligan is bullish on Rockwell Automation, Copart, Moody's and MSC Industrial Connect.

Apple is asking assemblers to put together 220 million iPhones this year, Bloomberg reported, a tally that largely matches 2021 levels.

"The supply chain continues to be the limiting factor in our production rates but we remain confident in our ability to achieve our target," said CFO Claire McDonough.

Disney now has more streaming subscribers than Netflix, but does that make the Mouse House's stock a buy?