Shares of technology companies rose ahead of earnings.
Facebook shares initially ticked down after further details about whistleblower complaints and its treatment of young users emerged, but later drifted higher amid earnings optimism.
"Ad revenue will closely be watched this week and if it disappoints, that could put a damper on a robust holiday spending outlook," said Edward Moya, senior market analyst at foreign-exchange brokerage OANDA Group, in a note to clients.
Shares of electric-vehicle makers rallied after reports that Hertz Group ordered 100,000 Tesla vehicles for its rental fleet.
Separately, Tesla's Model 3 was named as the highest selling passenger car of any brand in Europe in September. Shares of Tesla rose by more than 10% to give the company a market valuation of more than $1 trillion. Rivals such as Nio and Lucid Motors rose sharply in sympathy.
Cryptocurrency developer Do Kwon, a South Korean citizen and resident who was handed two subpoenas as he walked inside a hotel last month won't comply with the demands, and is instead suing the Securities and Exchange Commission.
Micron Technology says a 6.5 magnitude earthquake that struck northeastern Taiwan on Oct 24 has impacted production at its facilities in Taoyuan.
Youth-focused online platform FaZe Clan is combining with a special-purpose acquisition company to go public with a roughly $1 billion valuation, the companies said.
Shares of the SPAC set to merge with former President Donald Trump's social-media platform, Digital World Acquisition, gave back some of their recent gains.
Payment services concern PayPal abandoned its attempted takeover of Pinterest after shareholders balked at the idea. Shares of PayPal rallied, while Pinterest shares tumbled.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
10-25-21 1719ET
