Stock Market Overview
Stocks Waver on Higher Bond Yields and Mixed Corporate Earnings
The S&P 500 Index ($SPX) (SPY) Wednesday closed unchanged, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.44%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.04%.Â
US stock indexes Wednesday settled mixed, with the Dow Jones Industrials posting a 1-month high. Hawkish Fed comments and higher bond yields Wednesday weighed on stocks. Mixed earnings results limited the upside in stocks on Wednesday.Â
On the positive side, Vistra Corp closed up more than +9% after reporting better-than-expected Q1 adjusted Ebitda. Also, Lyft rose more than +6% after reporting better-than-expected Q1 gross bookings and forecasting Q2 gross bookings above consensus. In addition, Arista Networks closed up more than +5% after reporting stronger-than-expected Q1 adjusted EPS.Â
On the negative side, Uber Technologies fell more than -5% after reporting Q1 gross bookings below the consensus and forecasting weaker-than-expected Q2 gross bookings. Also, Match Group closed... Read more
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