Notable business headlines include Google losing most of its appeal to overturn a $4 billion antitrust fine, Amazon investing $450 million into wage increase and benefits for its drivers ahead of the holiday season, and Taiwanese electronics maker Foxconn making a $19.4 billion deal to manufacture its semiconductor chips in India.
Some of Shanghai's 25 million people came out for brief walks and grocery shopping on Tuesday after enduring more than a month under a COVID lockdown, while China's capital Beijing embarked on another round of mass testing to control a nascent outbreak. Social media posts showed Shanghai residents strolling in their suburbs, or queuing up at supermarkets that had been allowed to reopen. That was the result of an incremental easing of curbs in five of the city's 16 districts from Sunday, home to about a fifth of Shanghai's population, where some people were allowed to leave their housing compounds for the first time in weeks.
Yahoo Finance's Jared Blikre looks at the market action before the closing bell, sector actions in energy, Nasdaq leaders, semiconductor and chip stocks, the travel industry, and ARK ETF components.