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Lufax is set to make the biggest splash on the NYSE by a Chinese company since e-commerce giant Alibaba's IPO in 2014. Photo: Reuters

Stock Market Live: Dow In Record Push Ahead of Big Tech Earnings; Tesla Passes Facebook in Market Value

Wall Street looks to extend its October winning streak, with the Dow poised for a fresh record high, against a busy slate of Big Tech earnings later this week.

211004FedTaper1_1600x900

What Happens When the Fed Finally Tapers?

The market is anticipating the Fed could begin tapering – or reducing its asset purchases – sometime during Q4 of this year, potentially impacting both interest rates and the USD.

Stacking Paper at Kimberly-Clark

Kimberly-Clark Posts Earnings Miss as Supply Chain Woes Dent Sales

Kimberly-Clark posts third-quarter earnings that miss forecasts and lowers guidance as supply chain woes dent toilet paper, Kleenex and diaper sales.

Facebook Lead

Facebook Stock Slides After Trove of Whistleblower Papers Released Ahead of Q3 Earnings

A trove of papers obtained by a Facebook whistleblower highlighting everything from concern over the declining interest of teen users to its role in the January Capitol riots were published just hours ahead of the group's third quarter earnings.

Pinterest Lead

Pinterest Stock Tumbles As PayPal Says It's 'Not Pursuing' Takeover of Social Media Group

PayPal, which was linked to a $45 billion takeover of Pinterest last week, said Sunday it is "not pursing" an acquisition of the the social media company.

Tesla Electric Power Lead

Tesla Stock Leaps To Record High on Morgan Stanley Price Target Boost to $1,200 per Share

Tesla looks set to overtake Facebook as the fifth most-valuable company in the United States following a price target boost from Morgan Stanley to $1,200 per share.

Inside China Tech: US Hackers Responsible For More Than Half Of All Foreign Cyberattacks In China

SolarWinds Hackers Reportedly Stepping Up Cybersecurity Attacks

Hackers who infiltrated security software provider SolarWinds last year have been stepping up their cybersecurity attacks against cloud storage providers, says Microsoft.

Wall Street Lead

Stocks Mixed, China Warns on Delta, PayPal & Pinterest, Tom Brady's 600 TDs - 5 Things You Must Know

Stocks mixed into start of busiest week of the earnings season; China cautions on Delta variant surge; PayPal says it's not interested in a Pinterest takeover; Tesla pulls its FSD beta software and Tom Brady adds yet another milestone to his list of NFL records.

Fazeclan

FaZe Clan Going Public Via Merger with B. Riley-Sponsored SPAC

Deal will bring youth-driven lifestyle entertainment brand to public markets.

The Revival of Redbox: Why Video Rentals Are Far From Dead

Redbox to Begin Trading After Completing SPAC Merger

Redbox will begin trading Monday on Nasdaq under the ticker RDBX after completing a SPAC merger with Seaport Global Acquisition.