U.S. stocks drifted to a mixed finish.
The S&P 500 closed little changed Wednesday after a two-day winning streak erased nearly two-thirds of last week’s steep loss. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite edged up 0.1%.
Tesla jumped after saying the night before that it would accelerate production of more affordable vehicles. Norfolk Southern stumbled after reporting weaker results than expected, as did Teledyne Technologies. Treasury yields rose in the bond market following the latest report on the U.S. economy to come in hotter than forecast. Orders for long-lasting durable goods strengthened more than expected.
On Wednesday:
The S&P 500 rose 1.08 points, or less than 0.1%, to 5,071.63.
The Dow Jones Industrial Average fell 42.77 points, or 0.1%, to 38,460.92.
The Nasdaq composite rose 16.11 points, or 0.1%, to 15,712.75.
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
OPEC chief stresses energy cooperation with China
Bodies of foreign aid workers transferred to Egypt from Gaza
Tennessee would criminalize helping minors get abortions under bill heading to governor
Over 1.1M people in Gaza facing food insecurity: UN
People savor beautiful sights of spring flowers across China
Remnants of bird flu are found in grocery store milk
Zoe Ball announces death of her 'dear mama' Julia following short battle with pancreatic cancer
Scientists say coral reefs around the world are experiencing mass bleaching in warming oceans