This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. I've been craving birria since reading about the Mike's Red Tacos new franchising plan. Stock futures are higher this morning. The three major indexes all ended yesterday's session little changed. Here are five key things investors need to know to start the trading day:
1. Delivery troubles
The logo and lettering of online retailer Amazon can be seen on the façade of Amazon Germany's headquarters. Sven Hoppe | Picture Alliance | Getty Images
Amazon broke a major losing streak yesterday, but the damage was done. The e-commerce giant lost hundreds of billions of dollars in market cap over the last two weeks. Here's what happened: Shares of Amazon rose more than 1% yesterday, ending their nine-day losing streak that saw the stock drop around 18% between Feb. 2 and Feb. 13.
That slide represents its worst negative stretch in roughly two decades and more than $450 billion dollars erased from Amazon's market valuation.
Amazon's Feb. 5 announcement that it plans to spend $200 billion on capital expenditures this year drew skepticism from Wall Street and contributed to some of the selling frenzy.
But the stock's gain yesterday helped buoy the broader market, despite pressure on other tech names.
Stock futures are rising this morning as traders look ahead to the release of the minutes from the Federal Reserve's last meeting this afternoon.
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2. Billionaire investors go shopping
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