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.
Never mind the overcapacity, have some dim sum! — Radio Free Asia
Search for crew member overboard from fishing vessel in Hawke's Bay
Earthquake now eclipse, Yankees play ball amid natural phenomena
Missouri House backs legal shield for weedkiller maker facing thousands of cancer
Better conditions fail to yield signs of missing crew member from fishing boat
Two bodies found in search for Sydney couple Jesse Baird and Luke Davies
Olivia Munn recommends breast cancer risk calculator after diagnosis
Prince Louis wore Prince George's £25 hand
Confusion about brand name leads to false claims about Aldi’s bacon
Southwest Airlines flight attendants ratify a contract that will raise pay about 33% over 4 years
Firefighters in New Jersey come to the rescue of a yellow Labrador stuck in a spare tire