- US stocks largely rose on Wednesday, while the Nasdaq ended flat, as investors bought the dip following Tuesday's 2% sell-off.
- Investors are bracing for a slew of mega-cap tech earnings from Amazon, Apple, and Meta Platforms.
- Of the 155 companies on the
S&P 500 that have reported earnings so far, overall results are beating income estimates by a median of 7%.
US stocks largely edged higher on Wednesday, while the Nasdaq ended flat, after falling more than 2% on Tuesday as investors continue to digest a slew of first-quarter earnings results.
Mega-cap tech giants $4 and $4 offered mixed signals late Tuesday, with Microsoft beating estimates while Alphabet missed income estimates but beat revenue estimates. Shares of Microsoft were up about 5% on Wednesday, while Alphabet sold off about 5%.
Investors now await earnings results from $4, $4, and $4, which are set to be released after the bell on Wednesday.
Of the 155 companies that have reported earnings results so far, representing 31% of the S&P 500, overall results are beating income estimates by a median of 7%, according to data from $4. On the top line, overall results are beating revenue estimates by a median of 3%.
Here's where US indexes stood at the 4:00 p.m. ET close on Wednesday:
- S&P 500>$4: 4,183.92, up 0.21%
- Dow Jones Industrial Average>$4: 33,301.93, up 0.19% (61.75 points)
- Nasdaq Composite>$4: 12,488.93, down 0.01%
Archegos Capital Management founder $4 by the Justice Department with securities fraud, wire fraud, and racketeering conspiracy. According to charging documents, Hwang was able to increase the leverage of Archegos to $160 billion from $10 billion by deceiving various banks.
European gas prices $4 to Poland and Bulgaria, stoking concern that other countries in the continent could be targeted for their support for Ukraine.
$4 stock fell 5% after the company $4 The trading app explained that after it experienced hypergrowth last year, it overhired and had jobs with overlapping responsibilities.
Facebook parent $4 afternoon after a false report of weak second-quarter guidance from Bloomberg. Shares of the social media giant dipped briefly to around $169 each before rebounding slightly.
$4 stock $4 with the stock plunging 12%. The move lower came just one day after Tesla's Elon Musk agreed to buy $4 for $44 billion. The heightened volatility in Tesla stock $4, as he put up millions of Tesla shares as collateral for loans.
$4 as Musk tweeted about Twitter's competitor, Truth Social. "Truth Social (terrible name) exists because Twitter censored free speech," he tweeted on Wednesday.
$4 oil rose as much as much as 0.45% to $102.16 per barrel. $4, oil's international benchmark, rose as much as 0.46% to $105.47.
Bitcoin rose 1.36% to $38,873. Ether prices rose 0.82% to $2,859.
$4 fell as much as 0.93% to $1,886.60 per ounce. The yield on the 10-year Treasury added eight basis points to 2.82%.