Here are five key things investors need to know to start the trading day:

The S&P500 made a comeback on Thursday, posting its first positive day of the week and snapping a three-day losing streak. The index rose 0.21%, while the tech-heavy Nasdaq Composite rose 0.76%. The Dow Jones Industrial Average didn’t fare as well, losing 140.59 points, or 0.33%, for its first four-day losing streak since June. Treasury yields fell and edged lower after hitting a three-month high on Wednesday. Follow live market updates.

Coach owner Tapestry’s proposed acquisition of Michael Kors parent Capri is not in the bag. A federal judge on Thursday blocked the $8.5 billion merger that would have united two of America’s biggest luxury houses, home to names like Kate Spade, Versace and Jimmy Choo. Tapestry said it was not giving up and would appeal the order. The judge’s reasoning was not immediately clear, but the move followed a brief lawsuit last month in New York, where the FTC argued that the proposed union would harm competition, lead to higher prices and lower working conditions. After the order was released, Capri’s shares fell about 50%, while Tapestry’s shares rose 10%.

Tesla party like it’s 2013. The company’s shares had their best day since May 2013 on Thursday, rising 22% to close at $260.48. The rally came a day after the company reported better-than-expected earnings and CEO Elon Musk predicted auto growth that exceeded analyst expectations. The rally, which marked the electric vehicle maker’s second-best day ever in the stock market, boosted Musk’s net worth by about another $26 billion.

Microsoft CEO Satya Nadella took a pay cut, but still saw his total compensation increase by 63%, or more than $30 million, for fiscal year 2024. He received $79.1 million for the fiscal year ended June 30, according to a proxy filing, but most of its compensation is in stock. Nadella had asked for the cash portion of his compensation to be reduced to reflect security concerns after a series of cyber attacks drew criticism from the US government. The company is also considering how rank-and-file employees contribute to security efforts for their compensation.

Burger King and Taco Bell are pulling onions from some restaurants after an E. coli outbreak linked to Quarter Pounders at McDonald’s. The move comes after restaurant supplier US Foods, which does not serve McDonald’s restaurants, issued a recall Wednesday for four onion products produced by Taylor Farms. Restaurant Brands International, Burger King’s parent company, said it would pull onions from 5% of its U.S. restaurants after determining that the onions came from the Colorado facility where the Taylor Farms recall occurred. Taco Bell owner Yum brands did not reveal how many restaurants would be affected by its decision.

— CNBC’s Pia Singh, Gabrielle Fonrouge, Jacob Pramuk, Lora Kolodny, CJ Haddad, Ari Levy, Jordan Novet and Amelia Lucas contributed to this report.