1. Dow closes on 19,000 point

The Dow Jones industrial average is just 77 points away from hitting the magical level of 19,000 points.

The index posted gains for the seventh consecutive day on Tuesday, closing yet again at a fresh all-time high. It has jumped nearly 700 points - or 5.5% - in the five trading sessions following Donald Trump's election victory.

But U.S. stock futures are edging down early Wednesday, signaling the Trump rally might finally be coming to an end.

2. Nintendo rise on Super Mario news

Shares in Japanese gaming firm Nintendo (NTDOF) were up almost 3% Wednesday after the company announced it will release its new Super Mario game on December 15.

The long-awaited iOS version of Super Mario Run will be Nintendo mascot's first appearance in a smartphone game.

3. Global market overview

European markets are mostly flat, but the DAX and FTSE 100 are edging lower.

Markets in Asia ended the day mixed. Japan's Nikkei added more than 1%.

Crude oil prices fell 1% early Wednesday to trade at $45.40 per barrel. Crude futures had rallied 5% on Tuesday because investors are still hoping OPEC will be able to agree production cuts in order to lift prices.

The Dow Jones industrial average added 0.3% on Tuesday, while the S&P 500 was up 0.8% and the Nasdaq gained 1.1%.

The USD continued to hover at an 11-month high against other major currencies on Wednesday, as optimism over the U.S. economy following Donald Trump’s election as U.S. president and hopes for a U.S. rate hike lent broad support to the greenback.

The greenback was boosted after upbeat U.S. data on Tuesday fueled further optimism over the strength of the economy, adding to expectations for a rate hike at the Federal Reserve’s December policy meeting.

4. Earnings and economics

Rolls Royce cuts: The British engineering company said it will continue its cost-cutting program to offset "mixed market conditions" and higher engineering costs.

Rolls Royce (RYCEF), which manufactures engines for jets and ships, said it now expects savings of up to £200 million ($249 million) this year.

Lowe's (LOW) and Target (TGT) plan to release earnings before the open Wednesday, while Cisco Systems (CSCO, Tech30) is set to release earnings after the close.

The Bureau of Labor Statistics plans to release its PPI report for October at 12:30GMT The Federal Reserve plans to release its Industrial Production and Capacity Utilization reports at 13:15GMT The Department of Energy will release latest crude oil inventories data at 16:30GMT.

Coming later this week:

Thursday - Walmart (WMT) earnings; Janet Yellen testifies about economic outlook Friday - "Fantastic Beasts and Where to Find Them" release, "The Grand Tour" premieres on Amazon Prime