11:41 AM EDT, 10/29/2025 (MT Newswires) -- All three major US stock indexes were up in late-morning trading on Wednesday, as investors look ahead to the Federal Reserve's decision on interest rates later in the day and President Donald Trump's meeting with Chinese President Xi Jinping on Thursday.

In company news, Nvidia ( NVDA ) on Wednesday became the first company to reach a $5 trillion market capitalization. Nvidia ( NVDA ) shares were up 3.9% around midday.

Fiserv ( FI ) reported Q3 adjusted earnings Wednesday of $2.04 per share, down from $2.30 a year earlier and below the FactSet consensus analyst estimate of $2.64. Third-quarter revenue was $5.26 billion, up from $5.22 billion a year ago but below the FactSet consensus estimate of $5.35 billion. For full-year 2025, Fiserv ( FI ) lowered its adjusted EPS guidance to a range of $8.50 to $8.60 from $10.15 to $10.30. Analysts polled by FactSet expect $10.15. The company also said it expects full-year 2025 revenue growth of 3.5% to 4%, down from its previous guidance of about 10%. Fiserv ( FI ) shares were down 40.7%.

Caterpillar ( CAT ) reported Q3 adjusted earnings Wednesday of $4.95 per share, down from $5.17 a year earlier but above the FactSet consensus of $4.53. Third-quarter revenue was $17.64 billion, up from $16.11 billion a year ago and above the FactSet consensus of $16.77 billion. Caterpillar ( CAT ) shares were up 13.3%.

Boeing ( BA ) reported a Q3 core loss Wednesday of $7.47 per share, narrowing from a loss of $10.44 a year earlier but wider than the FactSet consensus calling for a loss of $5.16. Total Q3 revenue was $23.27 billion, up from $17.84 billion a year ago and above the FactSet consensus of $22.06 billion. Boeing ( BA ) said the core EPS loss primarily reflects "a pre-tax earnings charge of $4.9 billion on the 777x program, which increased the loss per share by $6.45." The company said it updated its assessment of the 777-9 certification timeline during the quarter and now expects the first delivery to take place in 2027. Boeing ( BA ) shares were down 4%.

Verizon Communications ( VZ ) reported Q3 adjusted earnings Wednesday of $1.21 per share, up from $1.19 a year earlier and above the FactSet consensus of $1.19. Third-quarter operating revenue was $33.82 billion, up from $33.33 billion a year ago but below the FactSet consensus estimate of $34.26 billion. Verizon shares were up 3%.

Morgan Stanley ( MS ) said Wednesday it has agreed to acquire EquityZen, a trading platform for shares in private companies. Financial terms of the deal, which is expected to close in early 2026, were not disclosed. Morgan Stanley ( MS ) shares were down 0.1%.

CVS Health ( CVS ) reported Q3 non-GAAP earnings Wednesday of $1.60 per diluted share, up from $1.09 a year earlier and above the FactSet consensus of $1.37. Third-quarter revenue was $102.87 billion, up from $95.43 billion a year ago and above the FactSet consensus of $98.8 billion. For full-year 2025, the company raised its adjusted EPS guidance to a range of $6.55 to $6.65 from $6.30 to $6.40. Analysts surveyed by FactSet expect $6.38. CVS shares were up 0.6%.

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