All three major indexes are coming off a strong day. The Dow surged more than 500 points, while the S&P 500 hit its highest point since early May. The Nasdaq landed its highest close since April. Here are the most important news items that investors need to start their trading day.

A gallon of regular gas is now going for $3.99, the lowest level since March. Prices reached a record of $5.02 in June. The news came a day after the Bureau of Labor Statistics reported that growth in the consumer price index cooled a bit more than expected.

Disney delivered a deluge of news that pushed its stock higher in off-hours trading. Quarterly results beat Wall Street's expectations on the top and bottom lines. The company raised prices for its streaming offerings, while it scaled back its ambitious longer-term target for Disney+ subscribers.

Disney shares rose by a healthy margin before the bell Thursday, following Wednesday's nearly 4% gain. Electric vehicle makers, such as Ford Motor and Tesla, have increased prices recently, pushed in large part by rising costs for the materials to make batteries. Ford CEO Jim Farley says he doesn't expect that to change in the foreseeable future.

Congress is set to pass a climate and health-care bill that includes provisions intended to shift Americans away from gas engines. Several key figures in the industry are warning that the legislation could actually hamper sales. The Biden administration is reconsidering its strategy related to tariffs on Chinese goods in the wake of China's aggressive response to Nancy Pelosi's visit to Taiwan.
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