U.S. stocks on the move: 3M, Qnity Electronics, Wayfair and Duolingo
SPY•U.S. stocks were set for a higher open on Wednesday after Democrats won sweeping midterm victories, with investors betting a divided Washington could limit sharp policy shifts. 3M, Qnity Electronics, Wayfair and Duolingo were among the stocks moving.
1. Stocks in focus
3M climbed after announcing a settlement over “forever chemicals” and a new stock buyback, while Qnity Electronics jumped after raising its annual forecast. Wayfair rose on upbeat quarterly results, and Duolingo shares jumped on an upbeat annual revenue forecast.
