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Stocks advanced Wednesday ahead of a key Federal Reserve policy announcement, but tech stocks dragged the market down in afternoon trading.

The cloud software company was worth $67.94 billion at its $245 opening price, more than five times its $12.4 billion valuation in February.

A World Health Organization official said Wednesday that the international agency does not recommend countries issue so-called immunity passports for the coronavirus, because scientists are still unsure whether Covid-19 antibodies reduce the risk of reinfection. 

The S&P 500 and Nasdaq pulled back as shares of major tech companies declined.

The move comes after Caputo, who led the agency's communications on the coronavirus pandemic, reportedly said in a now-deleted video posted Sunday on his personal Facebook page that scientists at the CDC were engaged in "sedition" against President Donald Trump.

Details of the pressure the New York-based bank faced from its activist investor hadn't been reported until now. The lessons from this episode will likely inform how Corbat's successor interacts with the bank's large investors.

Take a look at the stocks making headlines in midday trading.

Joe Biden's team in the White House, were he to win, could include Sen. Elizabeth Warren, equitability economist Heather Boushey or Federal Reserve Governor Lael Brainard.

Hurricane Sally comes as the West Coast battles historic wildfires made worse by human-caused climate change.

The biggest thing missing from Apple One's bundle that would make it much more attractive: A hardware tie-in to the iPhone.

The Dow Jones Industrial Average and S&P 500 were higher as traders awaited the Federal Reserve's latest decision on monetary policy. 

The Federal Reserve kept its pledge to keep interest rates anchored near zero and promised to keep rates there until inflation rises consistently.

Facebook on Wednesday announced the Oculus Quest 2 virtual reality headset. It's a successor to last year's Quest and, like that version, doesn't require a computer to run.

As school districts around the country settle into new routines this fall, it's becoming clear that remote learning isn't going anywhere. And this is having a dramatic impact on working parents across the U.S., and hourly workers may be bearing a bigger burden. 

Facebook on Wednesday announced a partnership with Luxottica, the maker of Ray-Ban, to release its first pair of smart glasses in 2021. 

The coronavirus crisis caused 40% of parents to change their job situation, a new FlexJobs survey finds. Women have been disproportionately hit, with 17% having to quit their jobs, compared to 10% of men.

"We're going to continue to give Congress and the nation the best public health advice. We're not going to let political influence modulate that," CDC Director Dr. Robert Redfield said.

New York Gov. Andrew Cuomo said the coronavirus pandemic was so traumatic, it's left many Americans with post traumatic stress disorder similar to war veterans.

Monday Night Football's doubleheader featuring New York Giants and Pittsburgh Steelers attracted 10.7 million viewers, while the second contest registered 7.6 million viewers.

Walmart's new subscription service is making waves in the options market, even though the company says it's not designed to compete with Amazon Prime.