U.S. stocks rose in morning trading after Republicans offered a short-term debt-limit extension, helping stave off immediate concerns about a possible government default. Here’s what we’re watching ahead of Thursday’s open.

Chart of the Day

Write to Anna Hirtenstein at anna.hirtenstein@wsj.com

Corrections...

U.S. stocks rose in morning trading after Republicans offered a short-term debt-limit extension, helping stave off immediate concerns about a possible government default. Here’s what we’re watching ahead of Thursday’s open.

Twitter headquarters in San Francisco, Calif., July 19, 2021.

Photo: David Paul Morris/Bloomberg News

  • Barry Diller ‘s media conglomerate IAC/InteractiveCorp. climbed 2.5% after it reached a  $2.7 billion deal to buy Meredith, a magazine publisher with brands such as People and InStyle. Meredith shares added 6.3%.
  • Megacap tech companies gained as government bond yields edged down. Apple, Amazon.com, Microsoft and Nvidia rose more than 1% each, and Square was up 4%.
  • Tilray shares slipped 3.3% after the cannabis company said its first-quarter net loss had widened.
  • Lamb Weston shares sank 8.4% after the potato-and-vegetable company reported fiscal first-quarter profit and sales that missed expectations.
  • Household and personal-care product maker Helen of Troy climbed 7.6% after it raised its outlook for fiscal 2022.
  • Moderna shares gained 1.9%. It put forward plans to build a vaccine-manufacturing plant in Africa. At Wednesday’s close, the stock had lost over 20% of its value this month so far.
  • Accolade will report earnings after the close.
Chart of the Day

Write to Anna Hirtenstein at anna.hirtenstein@wsj.com

Corrections & Amplifications
Stock futures were rising ahead of Thursday’s market open. An earlier version of this article incorrectly said that the move was taking place on Wednesday.