Wall Street stocks opened higher, putting them on track to claw back some ground a day after the S&P 500 sank into a correction amid escalating tensions in Ukraine. Here’s what we’re watching in Wednesday’s trading:

• Palo Alto Networks reported earnings that beat forecasts, raised its outlook for the year and said its appetite for acquisitions is sated.
• Home-improvement retailer Lowe’s Cos . reported 5% comparable-sales growth in the three months through January, and its earnings beat expectations.

• Virgin Galactic reported a narrower quarterly loss and held to its expectation that it will be able to launch flights to the edge of space during the fourth quarter.
• Overstock said revenue had increased in 2021 over the prior year, even though it had dropped during the fourth quarter from the same period in 2020.
• CoStar Group shares fell sharply after it reported quarterly results. Needham and JPMorgan both cut their price targets for the stock.
• Kodiak Sciences shares plunged after it said initial results from a trial of its experimental treatment for neovascular age-related macular degeneration show that the therapy failed to reach its primary efficacy endpoint.
• TJX Cos . plans to raise its quarterly dividend.
• U.S.-traded shares of Yandex , a search-engine company that provides services in Russia, Ukraine and other countries in the region, extended losses in early trading after Tuesday’s 12% drop.
• Toll Brothers said it believes long-term tailwinds will continue to support demand for new homes after it posted higher sales and net income in the recent quarter.
• Rent-A-Center ,   Chesapeake Energy ,   Sleep Number ,   fuboTV ,   Clover Health ,   Bath & Body Works  and  Hertz Global  are among the companies reporting earnings Wednesday.

Chart of the Day

• The demand for U.S. workers has led some manufacturers, technology firms and other employers to ditch the annual raise and switch to more frequent pay reviews as they compete for talent and keep pace with rising wages.

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