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.
Former Labour minister Frank Field dies from cancer aged 81: Tributes pour in for 'formidable' ex
The truth about trend of new mothers drinking their OWN breast milk
Indiana mother Raeleigh Phillips charged with murdering nine
Lucy Hale reveals what her current equation is with her Pretty Little Lies co
Bears unveil $5 billion plan for lakefront stadium
Distressing moment horse is rescued after falling into a Florida pond
Kristin Smart's murderer Paul Flores is stabbed in California jail
Harrison Ford rocks out with wife Calista Flockhart at Jimmy Buffet tribute concert in LA
More cows are being tested and tracked for bird flu. Here's what that means
Geena Davis, 68, wows in a figure
The summer after Barbenheimer and the strikes, Hollywood charts a new course
Indiana mother Raeleigh Phillips charged with murdering nine