Stock futures steady amid renewed recession risk; Snap shares plunge after ad sector warning; Twitter shares lower with Q2 earnings in focus; Mattel shares dip after solid Q2 profits, price hikes and Seagate warning hits memory chip makers.

The risk of a war between China and Taiwan threatens U.S. stocks much more than the war in Ukraine, BofA said.

Slowing growth and surging inflation may not spark a 70s-style bout of global stagflation, but dimming prospects for the U.S. economy weighed on stocks Wednesday.

"We are actively engaging in a broad range of strategic and financial alternatives ... including Elliott’s offer to invest incremental equity capital in our Flash Business," said CEO David Goeckeler.

Stock futures lower as stagflation worries mount; Novavax surges as FDA panel recommends Covid vaccine; Western Digital leaps after board agrees to consider flash memory sale; Credit Suisse slumps after third straight profit warning and Denver Broncos sold to Walmart heir for record $4.65 billion

"We believe a full separation of the Flash business can allow both HDD and Flash to be more successful and unlock significant value," said Elliott Associates.

Jim Cramer says investors need tried-and-proven stocks that work for the long haul.

Wolfe Research anticipates the yield curve will steepen for weeks and has created a list of stocks that could thrive as a result.

For the current quarter, Western predicted adjusted profit of $1.95 to $2.25 a share, compared to analysts' forecast of $2.67.

Ford has recently cast a shadow over the auto industry.

Short sellers reversed course and sold $19 billion of shorts in September.

The parent company of Google and Youtube is preparing for a sharp deterioration in the health of the economy.