Earnings Report

Stocks that moved substantially or traded heavily on Wednesday: PepsiCo Inc., up $4.60 to $127.01

The latest on developments in financial markets (all times local): 9:35 a.m.

The results come as a boost for Chief Executive Officer Ramon Laguarta who took over from Indra Nooyi six months ago.

Major share benchmarks were mixed in Asia on Wednesday after China announced its economy grew at a better than expected 6.4% annual pace in the last quarter.

Stocks were higher on Wall Street in early trading Tuesday, erasing the market's modest losses from a day earlier.

United Airlines said Tuesday that its first-quarter profit doubled to $292 million as it carried more passengers and limited costs other than fuel.

Stocks that moved substantially or traded heavily on Tuesday: Qualcomm Corp., up $13.27 to $70.45

Profits grew to $344 million as the streaming site added nearly 10 million new customers.

UnitedHealth Group is reporting strong first-quarter numbers driven by its main insurance business, as well as its pharmacy benefits division.

Johnson & Johnson is topping profit and revenue expectations for the first quarter partially on strong sales of its psoriasis treatment, Stelara.

CEO Michael Corbat was pressed by a conservative activist on the impact of the policy on Tuesday.

Bank of America says first quarter profit rose 5.6% to $7.31 billion.

Net income grew to $7.3 billion in the quarter, higher than Wall Street estimates.

Shares advanced in Asia on Tuesday, led by a rally in Chinese shares.

U.S. stock indexes wavered in Monday morning trading, weighed down by losses for bank stocks.