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Futures on the Dow Jones Industrial Average (DJI) and S&P 500 (SPX) are on the rise this morning, after both benchmarks snapped their record-setting win streaks last session, while Nasdaq-100 (NDX) futures are in the black as well. The market appears to be brushing off a dismal gross domestic product (GDP) reading, which came in at 2% for the third quarter amid supply chain issues, compared to the expected 2.8%. On a brighter note, initial jobless claims for last week came in at 281,000, which is just below estimates. 


Continue reading for more on today's market, including:
Shorts piled on Teladoc stock before earnings. Homebuilding name has a strong growth rate. Plus, F and SNBR jump on profit beats; and AUPH receives a downgrade. 

5 THINGS YOU NEED TO KNOW TODAY
The Cboe Options Exchange (CBOE) saw more than 1.9 million call contracts traded on Wednesday, compared to 990,863 put contracts. The single-session equity put/call ratio rose to 0.51, and the 21-day moving average stayed at 0.48.
Ford Motor Company (NYSE:F) is surging ahead of the open, up 7.9%, after announcing third-quarter earnings of 51 cents per share, which is higher than analysts' expected 27 cents, as well as better-than-expected revenue. Plus, the auto-maker raised its full-year forecast despite the chip shortage. No fewer than four analysts chimed in with price-target hikes. Year-over-year the equity remains up 95%.


Sleep Number Corp (NASDAQ:SNBR) reported much better-than-expected third-quarter results as well, with profits of $2.22 per share easily beating the estimated $1.44 per share. Piper Sandler chimed in with a price-target hike to $140 from $135, however, Wedbush slashed its price objective to $105 from $130. In electronic trading, SNBR is up 6.8%.  6park.com

Oppenheimer downgraded Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) to "perform" from "outperform," after the stock's recent rally on news that  Bristol Myers Squibb Co is interested in acquiring the company. AUPH is down 2% pre-market, and posting a 116.3% year-to-date gain. 
Today will bring pending home sales.