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.
Children are evacuated from school 'during an exam' after threat made via email
Chinese FM holds talks with Tanzanian counterpart
Croatia gets new government with a far
Chinese FM holds talks with Tanzanian counterpart
Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
Dabney Coleman dies at 92. The character actor specialized in villains
Lakota student's feather plume cut off cap during high school commencement
China ready to work with Arab countries for higher level community with shared future: Xi
Everybody may love Raymond, but Ray Romano loves Peter Boyle
China, Pakistan pledge to enhance pragmatic cooperation in various fields
College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
Porto fined $1.6M by UEFA and threatened with one