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.
Massachusetts House launches budget debate, including proposed spending on shelters, public transit
China News Jack Ma: Alibaba's founder turns up in Japan as college professor
Beijing confirms missing Taiwan publisher Li Yanhe is under national security investigation
VOX POPULI: China always occupied a special place in Ozawa’s heart
How major US stock indexes fared Wednesday, 4/24/2024
VOX POPULI: Unlike Taylor Swift, few stars in Japan speak out about politics
VOX POPULI: Use of honorifics complex at times and not always appropriate
VOX POPULI: Sudden death of Navalny shows dangers of the truth in Russia
Nootbaar, Gibson spark Cardinals to 5
ASEAN summit: Myanmar community asks Parliament to block junta representatives