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Delta, Virgin Galactic, KB Home, Taiwan Semiconductor: What to Watch in the Stock Market Today - The Wall Street Journal

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Created with Highcharts 9.0.1 U.S. stock-index futures Source: FactSet As of Jan. 13, 4:55 p.m. ET

Created with Highcharts 9.0.1 Jan. 12 Jan. 13 -3.0 -2.5 -2.0 -1.5 -1.0 -0.5 0 0.5 1.0 % SP 500 Nasdaq-100

Updated Jan. 13, 2022 9:41 am ET

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U.S. stocks and bond yields crept higher as fresh data on inflation and the labor market provided a mixed picture of the economic recovery. Here’s what we’re watching in Thursday’s trading:

  • Virgin Galactic SPCE 1.10% said Thursday it is planning to offer $425 million of convertible bonds that mature in 2027 in a private offering.
  • Earnings season is back. Delta Air Lines DAL -2.80% said Thursday it expects to shake off the impact of the Omicron variant of Covid-19.
  • Shares of BTCS , BTCS -7.70% a blockchain technology company, were poised to continue a recent rally after the Nasdaq-listed company said last week that it would pay a dividend in the cryptocurrency bitcoin.
  • Crypto companies also saw shares climb. Cryptocurrency exchange Coinbase COIN 0.79% Global added 2% while bitcoin-miner Marathon Digital Holdings MARA 1.74% edged up 1.6%.
  • KB Home KBH -0.69% reported higher profit and revenue for the fourth quarter, helped by strong demand despite supply-chain disruption.

Homes under construction in Valley Center, Calif. June 3, 2021.

Photo: mike blake/Reuters
  • U.S.-listed shares of Taiwan Semiconductor TSM 1.06% Manufacturing gained after the world’s largest contract chip maker’s fourth-quarter net profit rose 16% from a year earlier, driven by strong demand for chips used in computers and smartphones.
  • ElectroCore ECOR -0.51% shares declined Thursday. Shares surged more than 60% Wednesday after the company said its gammaCore noninvasive vagus nerve stimulation received U.S. Food and Drug Administration breakthrough device designation for the treatment of post-traumatic stress disorder.
  • Boeing BA 0.92% shares nudged up in morning trading. On Tuesday, the company said it sold more aircraft than Airbus last year but delivered half as many passenger jets, in a sign of the changing landscape facing the world’s two dominant plane makers.
  • Snap SNAP -0.89% shares slipped after Cowen cut its rating on the stock to market perform from outperform and lowered its price target.
  • Regulators in South Korea authorized Novavax ’s NVAX -1.39% Covid-19 vaccine Wednesday, allowing it to join the ranks of previously authorized shots.
  • Match Group MTCH -1.66% ticked up after Piper Sandler set a price target of $130 a share for the dating company. The stock closed Wednesday at $124.08.
  • Lennar LEN.B -0.69% said Wednesday that its board of directors has increased its annual dividend to $1.50 per share from $1.00 per share.
Chart of the Day

Created with Highcharts 9.0.1 Sources of natural-gas supply in Europe* Source: SP Global Platts *Excludes Turkey

Created with Highcharts 9.0.1 2015 '16 '17 '18 '19 '20 '21 0 100 200 300 400 500 billion cubic meters Other Netherlands U.K. North Africa, Central​Asia LNG Norway Russia

  • Europe’s growing dependence on Russian gas and oil is limiting the continent’s room to maneuver in the mounting U.S.-Russia crisis over security in the region and making it highly vulnerable in the event of an escalation.

Write to Caitlin Ostroff at [email protected]

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