China reportedly urged domestic companies to avoid using Nvidia H20 processors, especially for government work, after Nvidia and AMD agreed to pay the US 15% of the revenue for certain chip sales to China.

Stocks are back near record highs once more as Apple's $100 billion US investment lifted the tech trade higher.

In the span of a week, traders have coalesced around the idea of a September rate cut, spurred on by discouraging labor market data and revisions showing more weakness.

Disney reported fiscal third quarter earnings on Wednesday that beat expectations, driven by continued strength in its domestic parks business and a year-over-year swing to profitability in its streaming unit.

US stock futures pushed up on Tuesday as Wall Street regained its balance after a tumultuous week and braced for the next wave of corporate earnings.

Tesla has granted 96 million new shares worth about $29 billion to CEO Elon Musk, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay deal for being unfair to shareholders.