Stocks ended mixed Wednesday after the Federal Reserve left interest rates unchanged, as expected, but said progress has been made on the central bank's goals for employment and inflation, indicating changes to the Fed's stimulus could be coming.
Here are some of the big movers in the stock market on Wednesday:
1. Tilray | Increase 21%
Shares of Tilray (TLRY) - Get Tilray, Inc. Report rose after the company reported mixed results in its first earnings release since the Canadian cannabis company closed its reverse merger with Aphria last month.
Tilray reported net income of $33.5 million after posting a loss of $84.3 million a year earlier.
2. Boeing | Increase 5.3%
Boeing (BA) - Get Boeing Company Report shares rose after the aerospace giant posted its first quarterly profit in more than two years, due in part to the post-pandemic rebound in commercial aviation.
Revenue rose 44% from last year to $17 billion, topping analysts' forecasts of a $16.54 billion tally.
3. Alphabet | Increase 4.2%
Shares of Alphabet (GOOGL) - Get Alphabet Inc. Class A Report rose after the parent company of Google reported strong results from a bounce-back quarter that lapped the company's results from a year ago and topped analyst estimates.
Revenue jumped 62% year over year to $61.9 billion.
4. QuantumScape | Increase 10%
The company also posted a second-quarter loss of 12 cents a share that widened from 6 cents a year ago. The FactSet analyst consensus called for a loss of 7 cents.
5. Teva Pharmaceutical | Increase 12%
Teva Pharmaceutical Industries (TEVA) - Get Teva Pharmaceutical Industries Limited Sponsored ADR Report climbed after the world's largest generic drugmaker reported earnings that matched analysts' estimates.
The Israeli company reported second-quarter earnings of 59 cents a share on revenue of $3.9 billion. Analysts were expecting earnings of 59 cents on revenue of $4 billion.