US stock futures are down as traders adjust rate cut expectations following Fed Chair Jerome Powell's recent comments and stronger-than-expected retail sales data.

Hedge funds are pulling back their positions in Big Tech, with Amazon (AMZN) and Apple (APPL) seeing stake cuts in the third quarter.

Tesla (TSLA) and Rivian (RIVN) are in focus following reports that President-elect Trump plans to eliminate the electric vehicle tax credit.

Morning Brief Anchors Seana Smith and Brad Smith break down three of the top stories investors should be watching this morning.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Cindy Mizaku.