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:

  • Novavax


    NVAX -12.37%

    shares plunged after Politico reported that the pharmaceutical company was running into difficulties manufacturing a Covid-19 vaccine that met regulators’ quality standards. 

A scientist at Novavax worked at a purification machine at the Novavax offices in Gaithersburg, Md., Feb. 11, 2021.

Photo:

T.J. Kirkpatrick for The Wall Street journal

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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