Wall Street indexes opened higher to start a busy week of earnings from big technology companies. Here’s what we’re watching in Monday’s trading:

Chart of the Day

Write to James Willhite at james.willhite@wsj.com

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Wall Street indexes opened higher to start a busy week of earnings from big technology companies. Here’s what we’re watching in Monday’s trading:

  • Pinterest shares dropped after U.S. payments giant PayPal Holdings said it isn’t currently pursuing a deal for the social-media platform, days after media reports that the companies were in early talks for a multibillion-dollar deal.

PayPal shares climbed after it denied it was pursuing a deal to acquire Pinterest.

Photo: Yichuan Cao/Zuma Press

  • Bakkt, a cryptocurrency trading platform that went public through a SPAC deal last week, was on the rise in early trading. Rival crypto exchange Coinbase was also up, and bitcoin itself was up more than 3% from its Friday 5 p.m. ET level.
  • Trading in Digital World Acquisition, the SPAC that is merging with Donald Trump’s media company, was picking up again after last week’s wild ride.
  • Phunware, a penny stock also with Trump ties, was also gaining, after Friday’s 471% surge. The small technology company isn’t profitable, but it has worked for the former president’s campaign.
  • Cruise operator Carnival slipped after Citi cut its rating of the stock to neutral from buy, though the bank also expects the company to shift from burning cash to generating cash over the next 12 months as fleet deployments ramp up.
  • Elevator producer Otis Worldwide said its profit rose for the third quarter as sales grew in both the new-equipment and service segments.
  • Kimberly-Clark lowered its full-year earnings guidance as the paper-products maker said supply-chain challenges have raised costs.
  • Tesla shares gained after Japan’s Panasonic showed off for the first time a larger lithium-ion battery that it plans to supply to the U.S. electric-vehicle maker.
  • Clearway Energy agreed to sell its thermal-energy business to KKR for $1.9 billion.
  • Facebook and Crane are among the companies reporting after Monday’s close.
Chart of the Day

Write to James Willhite at james.willhite@wsj.com