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.
Big Brother 'forced to DEMOLISH iconic house due to drunken chaos and failed James Bond twist'
Feature: China's rural poor find new horizons in infrastructure development
Justin Verlander allows 2 runs over 6 innings in season debut for Astros in 5
Angela Rayner brands Rishi Sunak 'a pint
Blinken reiterates U.S. opposition to Israeli invasion of Rafah
Miami Heat fans are SLAMMED by Kendrick Perkins for leaving 'too many' empty seats for crucial play
Chinese scientist awarded for groundbreaking work in transplantation, cellular therapy
Queen Maxima of the Netherlands braves the wind in a very eye
Brayan Bello allows 1 hit in 6 innings as Red Sox breeze past Pirates 8