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
and
slipped, but
Pfizer’s
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 video screen of the Nasdaq exchange in New York on the day of the Stitch Fix IPO, Nov. 17, 2017.
Photo:
Richard B. Levine/Zuma Press
- 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.
Write to James Willhite at james.willhite@wsj.com
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Read More: GameStop, Pfizer, Stitch Fix, SentinelOne: What to Watch in the Stock Market Today
