Stock market climbs as services sector data beats forecasts. PayPal and Moderna lead the way on strong earnings reports. Read More...
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Moderna, PayPal, and More Wednesday Stock Market Movers
PayPal (PYPL) has jumped 12% after the payments giant reported adjusted earnings that topped analysts’ expectations, disclosed changes to management, and announced a new $15 billion stock repurchase authorization. Occidental Petroleum (OXY) was down 3.2% after the oil and gas producer topped second-quarter profit estimates but posted a miss on earnings before interest, taxes, depreciation, and amortization. The company said strength in cold drinks and food sales helped drive the sales beat.
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