Updated Oct. 20, 2021 9:33 am ET
Wall Street indexes inched up in early trading as investors digested another big batch of earnings reports. Here’s what we’re watching in Wednesday’s session:
shares plunged after Politico reported that the pharmaceutical company was running into difficulties manufacturing a Covid-19 vaccine that met regulators’ quality standards.
added 4.4 million memberships in the third quarter amid increased competition and the typical summer slowdown.
whose profit was boosted by federal aid, said the spread of the highly transmissible strain of Covid-19 slowed flying during the third quarter but hasn’t derailed its recovery.
‘ core cellphone business revved up in the third quarter despite aggressive marketing by rivals, allowing the carrier to post a net gain of 429,000 postpaid phone connections. That represents the key metric’s sharpest growth since 2019.
third-quarter profit and sales beat expectations, with the strongest growth seen in its diagnostics business.
reported quarterly earnings and noted supply-chain challenges.
swung to profit in the third quarter, but fell shy of analyst expectations, as revenue and orders rose in the period.
said its business continued to improve from the damage caused by the pandemic, with third-quarter organic revenue gains for the advertising company in each of its major disciplines.
‘s profit increased in the third quarter, helped by higher freight rates and a rise in some fuel surcharges.
are among the companies reporting earnings after the close.
Chart of the Day
- The launch of ProShares Bitcoin Strategy ETF is being closely watched on Wall Street, where finding a way to sell securities linked to bitcoin has been a priority for many firms.
Write to James Willhite at [email protected]
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