Shares of Snap Inc reversed initial losses following Tuesday's results, rising 4% in early trade as analysts focused on strong third-quarter numbers rather than a disappointing revenue outlook for the final three months of the year.
Industrial bellwether Caterpillar Inc fell short of Wall Street estimates for quarterly profit on Wednesday and cut its forecast for overall earnings in 2019, as it reported a 13% slide in Asia sales driven by weakening demand in China.
Here are the biggest calls on Wall Street on Wednesday
Coca-Cola's new business strategy make the company's stock a good investment opportunity, according to UBS.
Health insurer Anthem Inc reported a better-than-expected quarterly profit and raised its full-year forecast on Wednesday, riding on higher sales of its government-backed health plans.
Wall Street was set to open lower on Wednesday after warnings from Caterpillar and Texas Instruments rekindled worries about a global economic slowdown due to U.S.-China trade tensions.
Boeing Co on Tuesday ousted the top executive of its commercial airplanes division, Kevin McAllister, marking the first high-level departure since two fatal crashes of its 737 MAX jets.
Blackstone Group Inc , the world's largest manager of alternative assets such as private equity and real estate, said on Wednesday its distributable earnings in the third quarter fell 8% year-on-year, but still beat analyst estimates.
Oil prices slipped toward $59 a barrel on Wednesday on data showing a bigger-than-expected rise in U.S. crude stocks, while the prospect of deeper output cuts by OPEC and its allies offered support.
A bill introduced this month would ban the U.S. Department of Education from sending its federal grants and loans to for-profit colleges.
U.S. stocks opened mixed on Wednesday as Boeing rose after reaffirming the timeline for its grounded 737 MAX's return to service, countering losses from Caterpillar and Texas Instruments, which fell on weak forecasts.
Google said on Wednesday it had achieved a breakthrough in computer research, by solving a complex problem in minutes with a so-called quantum computer that would take today's most powerful supercomputer thousands of years to crack.
WeWork announced Tuesday that SoftBank will provide $5 billion in new financing and up to $3 billion in a tender offer for existing shareholders.
Higher deliveries of Gulfstream jets boosted revenue at U.S. aerospace and defense company General Dynamics Corp , which reported a 7.3% rise in quarterly profit on Wednesday, but shares were flat in premarket trading after gaining 2.5% a day earlier.
The chair of a panel of international regulators that harshly criticized the Federal Aviation Administration's certification of the now grounded Boeing 737 MAX will testify Tuesday before a Senate committee, a statement from the committee showed.