Wall Street indexes were mixed in early trading, while investors remained focused on the Omicron variant and its potential impact on the economy. Here’s what we’re watching in Wednesday’s trading:
is due to report earnings after the closing bell. The stock’s relative stability has been a surprising turn of events for GameStop, a company widely credited with sparking the meme-stock mania that has gripped markets this year.
- Covid-19 vaccine makers were turning in a mixed performance as
shares reversed premarket losses. Pfizer and BioNTech said that a third dose of their Covid-19 vaccine neutralized the Omicron variant in lab tests but that the two-dose regimen was significantly less effective at blocking the virus.
filed to terminate its registration statement for the resale of stock from certain shareholders. The company noted this wouldn’t change the number of shares available for sale.
- Cybersecurity company
reported a loss for the recent quarter.
- Luxury home builder
said fourth-quarter profit nearly doubled as sales rose, beating analyst expectations.
shares plunged after the online apparel retailer swung to a quarterly loss because of an income tax benefit it booked in the year-earlier period.
- The board of
approved a $100 million share-buyback program.
- Recreational vehicle maker
‘ profit rose in the recent quarter, lifted by higher sales as it continues to see strong demand.
reported quarterly revenue that beat forecasts and gave full-year guidance ahead of expectations.
- Robotic systems company
cut its fiscal 2022 guidance, citing various issues, including supply chain delays.
Chart of the Day
- Bitcoin’s weekend selloff and subsequent rebound illustrate the crypto market’s volatility, but also its growing connection to traditional asset classes.
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