This is what you need to know on Wednesday:
1. European stocks open higher Wednesday after yet another record setting session on Wall Street that was led by tech stock gains and a solid start to the second quarter earnings season.
2. McCormick & Company Inc. (MKC) said Wednesday that it has agreed to buy the food division of Britain's Reckitt Benckiser Group plc (RBGLY) for $4.2 billion.
3. Tech stocks, in particular, should continue to outperform after Tuesday's record close for the Nasdaq, which was helped by a 13.5% surge in Netflix shares after the video streaming service topped 100 million worldwide customers over a robust second quarter.
5. Early indications from U.S. equity futures point to another solid session for the tech-focused benchmark, with the Nasdaq priced to gain 0.34% at the opening bell against a more modest 0.1% advance for the S&P 500.
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