Here are five things you must know for Wednesday, Nov. 8:
Senate Finance Committee Chairman Orrin Hatch is scheduled to reveal details of the Senate bill on Thursday, Nov. 9.
The dollar index slipped slightly to 94.84. Shares in London were higher but other European markets traded to the downside early Wednesday. Asia shares finished the session mixed.
Snap has suffered from a losing streak ever since going public in March, failing to exceed Wall Street's expectations in all three of its earnings reports as a public company.
Following the release of the results, Snap surprised investors when it announced that it plans to completely redesign the Snapchat app. CEO Evan Spiegel also warned that there's a "strong likelihood" the design overhaul will be disruptive to Snap's business in the short term. Spiegel didn't specify when the Snapchat redesign would be rolled out.
The company rolled out the changes on Tuesday after testing the new limit for weeks.
Users who tweet in Chinese, Japanese and Korean will still have the original 140-character limit because writing in those languages uses fewer characters, Twitter said.
Updated from 6:06 a.m. ET.