12:55 PM EDT, 08/07/2024 (MT Newswires) -- All three major US stock indexes were climbing for a second straight day on Wednesday morning, continuing their rebound from Monday's selloff.

In company news, Novo Nordisk ( NVO ) reported Q2 earnings Wednesday of 4.49 Danish kroner ($0.66) per diluted American depositary receipt, up from 4.32 kroner a year earlier but below the Capital IQ consensus of 4.97 kroner. Q2 net sales were 68.06 billion kroner, up from 54.3 billion kroner in the year-ago period but below the Capital IQ consensus of 68.56 billion kroner. The company expects 2024 sales to grow between 22% and 28%, up from the previous guidance. It also cut its 2024 operating profit growth outlook to a range of 20% to 28%. Shares were trading down 8% near noon.

Walt Disney ( DIS ) reported fiscal Q3 adjusted earnings of $1.39 per diluted share, up from $1.03 a year earlier and above consensus of $1.19. Revenue was $23.16 billion, up from $22.33 billion in the year-ago period and above consensus of $23.09. The company expects per-share adjusted earnings to grow by 30% for fiscal 2024, up from the prior target of 25%. Separately, Disney ( DIS ) said it may have to pay an additional $5 billion to Comcast's ( CMCSA ) NBC Universal for its 33% stake in Hulu. An arbitration process will determine how much. Once arbitration is complete, the final equity fair value will account for the valuation of a third appraiser. If the appraiser's valuation is equal to Disney's ( DIS ) valuation, it wouldn't owe NBC Universal any more money, but if it is consistent with NBC Universal's, Disney ( DIS ) would be required to pay an additional $5 billion.

CVS Health ( CVS ) reported Q2 adjusted earnings of $1.83 per diluted share, down from $2.21 a year earlier but above consensus of $1.73. Revenue was $91.23 billion, up from $88.92 billion a year earlier, but below estimates of $91.43 billion. The company trimmed its 2024 adjusted EPS guidance to a range of $6.40 to $6.65 from at least $7.00. The revised outlook reflects "continued pressure" in the healthcare benefits business. CVS shares were down 0.7%.

JPMorgan Chase ( JPM ) , Bank of America ( BAC ) and Wells Fargo ( WFC ) are among the banks being investigated by regulators over the handling of customer funds on the Zelle, the Wall Street Journal reported. The Consumer Financial Protection Bureau is looking into how the banks respond when customers dispute transactions made via Zelle. Shares of JPMorgan ( JPM ) were up 1%, while those of Bank of America ( BAC ) and Wells Fargo ( WFC ) were up 2.4% and 0.7%, respectively.

The UK's Competition and Markets Authority has cleared Hewlett Packard Enterprises' ( HPE ) anticipated acquisition of Juniper Networks ( JNPR ) . HP was down 1.8%, Juniper was up 1%.

A version of Samsung Electronics' fifth-generation high-bandwidth memory chips passed Nvidia's ( NVDA ) tests for use in its artificial intelligence processors, Reuters reported. Samsung and Nvidia ( NVDA ) have not yet signed a supply deal but will do so soon. The sources told deliveries are expected to start by Q4. Nvidia ( NVDA ) shares were down 0.2%.

PetIQ ( PETQ ) has agreed to be acquired by Bansk Group for $31 per share in an all-cash deal valued at about $1.5 billion. The deal is expected to close in Q4 at which point PetIQ ( PETQ ) will delist from the Nasdaq. PetIQ ( PETQ ) was up nearly 48%.

Micron Technology ( MU ) has determined that share repurchases may resume thanks to improved conditions, according to a filing. The company disclosed the suspension of its repurchase program on Dec. 21, 2022, due to an industry downturn. Micron shares were up 1.1%.

Workers at the first unionized Apple ( AAPL ) store in the US ratified a three-year contract after over a year of bargaining, according to media reports. The contract, which covers about 85 workers at the Towson, Md. store, includes an increase in starting pay for 80% of positions and average raises of 10% over the contract's lifetime. Apple ( AAPL ) shares were up 2.6%.

Price: 119.42, Change: -10.71, Percent Change: -8.23