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.
Veteran DEA agent sentenced to 4 years for leaking intelligence in Miami bribery conspiracy
Lahuahua Groups Interpret Volunteerism with Actions
Local Grannies Volunteer to Provide Lunches to Frontline Workers in Quanzhou, Fujian
Advancing Rural Development Through Modern Agriculture
With an assist from the Denver Broncos, Colorado becomes 11th state to sanction girls flag football
CBA: Liaoning clinch best regular season record
Former China coach pleads guilty to taking over $7 million in bribes
Woman Seeks to Showcase Dong Culture
Former Seattle WNBA champion Sue Bird joins Storm ownership group
China's city of future preserves tradition, nostalgia
Jury sides with school system in suit accusing it of ignoring middle
China's Chen and Quan Win Women's 10m Platform Synchronised at Swimming Worlds