Daily Stock Market News

Biogen, PayPal, Block, Ally Financial: What to Watch in the Stock Market Today


Wall Street stock indexes edged up after inflation data showed the largest annual jump in consumer prices in decades. Here’s what we’re watching in Wednesday’s trading:

  • Block’s


    SQ -1.99%

    acquisition of Afterpay has cleared its final regulatory hurdle and will be implemented on Feb. 1, the Australian buy-now-pay-later provider said.

  • Medicare officials said they would cover

    Biogen’s


    BIIB -6.70%

    controversial Alzheimer’s disease drug Aduhelm on the condition that patients are in clinical trials and have early-stage symptoms.

The Biogen headquarters in Cambridge, Mass., June 7, 2021.



Photo:

cj gunther/Shutterstock

Chart of the Day

Write to James Willhite at james.willhite@wsj.com

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