The Wall Street indices opened higher, bringing stocks up at the end of a troubled week. The following moves in trade on Friday:
- Virgin Galactic shares fell after the space tourism company announced it was postponing the launch of the full commercial service for private astronaut travel until the end of next year in an effort to upgrade its spacecraft.
- Goldman Sachs had higher profits and sales in the third quarter and benefited from a variety of deals.
- Supply chain management company JB Hunt Transport Services reported earnings up 59% in the third quarter as all of the company’s segments drove sales above market expectations for the period.
- PNC Financial Services posted a decline in earnings as merger costs increased noninterest expenses.
- Billionaire investor Carl Icahn escalated his challenge for Nevada utility Southwest Gas on Thursday by offering to buy shares and announcing plans to replace the company’s board of directors.
- Moderna stocks rose after vaccine experts advising the FDA voted 19-0 to recommend approving an additional dose of their Covid-19 shot.
- Aluminum maker Alcoa reported a 31% increase in sales for its last quarter, although deliveries declined in part due to the lack of railcars.
- Bitcoin prices rose 3.9%, nearing $ 60,000, and crypto stocks Coinbase Global, Marathon Digital and BIT Mining saw gains.
- Enterprise software company Duck Creek Technologies reported a net loss for the final quarter of its fiscal year.
Chart of the day
- Petershill Partners, an investment vehicle managed by Goldman Sachs’ asset management company, has fallen 9% since it went public late last month. That’s worse than both the broader market and the competition.
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