Palantir banal jumped connected a U.S. Army contract; Airlines are slipping arsenic substance costs surge

Tim Cook talked astir the caller iPhone 13 during the Apple lawsuit connected Sept. 16, 2021.

Photo: Apple Inc.

Updated Oct. 6, 2021 10:33 americium ET

Stocks dropped successful greeting trading, with large indexes losing crushed amid broad-based selling. Here’s what we’re watching during Wednesday’s regular session.

  • Palantir Technologies jumped aft the data-software institution said it was selected for a U.S. Army quality programme contract.
  • Facebook shares edged down aft the institution spent a time successful the headlines amid a whistleblower’s testimony on Capitol Hill and a widespread outage of its services.
  • An aboriginal downdraft successful respective large tech stocks mostly reversed, with Microsoft , Google-parent Alphabet and Netflix recovering from an aboriginal swoon. Apple nevertheless was inactive down an hr aft the open.
  • Cryptocurrencies turbo-charged by Tesla CEO Elon Musk got different boost Wednesday. The token Shiba Inu gained 48% implicit the erstwhile 24 hours, adding to a days-long rally aft Mr. Musk posted a caller photograph of his Shiba Inu puppy named Floki connected Monday. The coin present has a marketplace worth of $9 billion, making it the twentieth largest cryptocurrency, according to CoinMarketCap.com. Dogecoin, a favourite of Mr. Musk’s, besides roseate 3% implicit the erstwhile 24 hours.
  • Shares of  American Airlines Group  and  Delta Air Lines  were some weighed down by concerns astir substance costs and a slowing economical growth.
  • Acuity Brands  soared aft the industrial-technology institution said its nett for the fiscal 4th fourth roseate arsenic income benefited from improved work levels and an improving economy.
  • Vaccine makers Moderna and Novavax look acceptable to stay stuck successful the doldrums that began aft Merck’s palmy trial of its Covid-19 treatment. Pfizer shares were besides down.
  • Business-development institution Saratoga Investment ‘s banal nudged up aft it reported grounds repayments during the 2nd quarter.
  • Levi Strauss  will springiness an net update aft the close.
Chart of the Day

Write to James Willhite astatine james.willhite@wsj.com

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