11:32 AM EST, 11/20/2025 (MT Newswires) -- All three major US stock indexes were up in late-morning trading after Nvidia ( NVDA ) reported strong earnings late Wednesday afternoon.

The September employment report showed nonfarm payrolls rose by 119,000, solidly above the 51,000-job increase expected in a survey compile by Bloomberg as of 7:35 a.m. August payrolls were revised downward to a 4,000-job decrease, while July payrolls were revised down to a 72,000 increase. The unemployment rate rose to 4.4% in September from 4.3% in August, while the labor force participation rate rose to 62.4% from 62.3% the previous month.

In company news, Nvidia ( NVDA ) reported fiscal adjusted earnings of $1.30 per diluted share, up from $0.81 a year earlier and above the FactSet consensus estimate of $1.26. Fiscal Q3 revenue was $57.01 billion, up from $35.08 billion a year ago and above the FactSet consensus of $54.91 billion. For fiscal Q4, the company expects revenue of $65 billion, plus or minus 2%. Analyst surveyed by FactSet expect $62.17 billion. Nvidia ( NVDA ) shares were up 1.7% around midday.

Walmart ( WMT ) reported fiscal Q3 adjusted earnings Thursday of $0.62 per diluted share, up from $0.58 a year earlier and above the FactSet consensus of $0.60. Fiscal Q3 revenue was $179.50 billion, up from $169.59 billion a year ago and above the FactSet consensus of $177.44 billion. For fiscal 2026, the company said it expects adjusted EPS in a range of $2.58 to $2.63, up from its previous guidance of $2.52 to $2.62. Analysts surveyed by FactSet expect $2.61. Fiscal 2026 net sales are expected to grow by 4.8% to 5.1%, up from the previous guidance of 3.75% to 4.75% growth. Walmart ( WMT ) shares were up 6.1%.

Abbott Laboratories ( ABT ) said Thursday it has entered into a definitive agreement to acquire Exact Sciences ( EXAS ) for a total equity value of about $21 billion, or $105 per common share. The deal is expected to close in Q2 of 2026 and is subject to the approval of Exact Sciences ( EXAS ) shareholders, as well as regulatory approvals and other customary closing conditions. Abbott shares were down 1.5%, while those of Exact Sciences ( EXAS ) were up 17.7%.

Verizon Communications ( VZ ) is reducing its workforce by over 13,000 jobs, multiple media outlets reported Thursday. The telecommunications company plans to convert 179 corporate-owned retail stores into franchised operations, the reports said. In addition, Chief Executive Dan Schulman said the company would reduce outsourced and other outside labor expenses, Reuters reported, citing a note to employees it viewed. Verizon shares were up 0.4%.

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