Wall Street indexes opened higher, putting stocks on course for gains at the end of a choppy week. Here’s what’s moving in Friday’s trading:
- Virgin Galactic SPCE -16.83% shares lost altitude after the space tourism company said it is pushing back the launch of full commercial service for private-astronaut trips until toward the end of next year as it works to improve its space vehicles.
Sir Richard Branson, founder of Virgin Galactic, outside the New York Stock Exchange before his company’s IPO, Oct. 28, 2019.
Photo: Richard Drew/Associated Press
- Goldman Sachs GS 3.80% reported higher profit and revenue in the third quarter, benefiting from a bevy of deals.
- Supply-chain management company J.B. Hunt Transport Services JBHT 8.74% reported a 59% rise in third-quarter profit as all of the company’s segments pushed revenue above market expectations in the period.
- PNC Financial Services PNC -1.66% reported a profit decline as costs from a merger raised non-interest expenses.
- Billionaire investor Carl Icahn on Thursday escalated his challenge to Nevada utility Southwest Gas SWX -1.04% by offering to buy shares and announcing plans to try to replace the company’s board.
- Moderna MRNA -2.31% shares were up after vaccine experts advising the FDA voted, 19-0, to recommend authorization of an extra dose of its Covid-19 shot.
- Aluminum maker Alcoa AA 15.23% reported a 31% rise in sales for its latest quarter, even as shipments fell, partly because of a lack of railcars.
- Bitcoin prices were up 3.9%, bringing it closer to $60,000, and crypto stocks Coinbase Global, COIN 7.93% Marathon Digital MARA 12.16% and BIT Mining BTCM 4.52% rose were posting gains.
- Enterprise software company Duck Creek Technologies DCT -24.42% reported a net loss for the final quarter of its fiscal year.
Chart of the Day
- Shares of Petershill Partners, PHLL -3.62% an investment vehicle managed by Goldman Sachs’ asset-management arm, are down 9% since its initial public offering late last month. That is worse than both the broader market and peers.
Write to James Willhite at james.willhite@wsj.com
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