Facebook, Bakkt, GE, Alphabet: what to watch for on the stock market today

Updated October 26, 2021, 9:38 a.m. ET

Stock indexes opened higher amid profits from some of the nation’s largest companies. Here’s what we’re seeing in Tuesday’s trading:

Facebook Facebook -1.51%

posted third-quarter profit of $ 9.19 billion, up 17% from the same period last year.
Bakkt BKKT -3.95%

edged down early in the session, after the stock more than tripled on Monday. MA Mastercard 0.45%

said he had partnered with the crypto company to enable cryptocurrency card payments.
General Electric GE 3.49%

beat Wall Street’s forecast for earnings per share and said orders were up 42%.
3M MMM 0.53%

exceeded forecasts for net income and sales, saying demand for its products has remained strong.
Owner of Google Alphabet GOOG 0.76%
is one of many companies, including Microsoft,

MSFT 0.51%

Twitter TWTR 0.56%

and Robinhood Markets,

HOOD 1.38%

to report after closing.

Photo:

The Wall Street Journal

Hasbro A 5.47%

posted a 15% increase in net profit in the third quarter.
Up Fintech TIGR US listed shares 6.21%
surged after the Beijing-based brokerage firm said the Hong Kong securities regulator approved its acquisition of Ocean Joy Securities.
B. Riley Principal 150 Fusion BRPM 26.01%

won in the morning exchanges. SPAC is teaming up with FaZe Clan to release the youth-focused digital platform, a billion dollar deal previously reported by The Wall Street Journal.
CR crane 10.05%

published its results and gave the green light to a share buyback plan.
Acquisition shares of the digital world,
DWAC -13.09%

PSPC, which agreed to go public with former President Donald Trump’s social media business, extended its earnings early in the session, after surging over the past week.
Phunware,

PHUN -28.23%

an unprofitable tech company that worked for the former president’s campaign was turning the tide to drop double-digit percentages at the start of the trade after also surging amid the excitement over DWAC.

American banks are overwhelmed with liquidity. So they go into debt, propelling a corporate bond market that otherwise had slowed compared to the debt windfall induced by last year’s pandemic.

Write to Joe Wallace at joe.wallace@wsj.com

Jamison First