9 days ago | By Chron
Stocks shook off an early slide and wound up little changed as worries about corporate profits weighed on the market.
The S&P 500 ended barely lower and the Dow ended barely higher. The Nasdaq fell. The mixed finish came after the S&P 500 roared back from a morning loss of 1.7%.
Big swings have been common as markets work through competing ideas. Worries are rising about weakening profits and an economy bending under interest rate hikes, but there are also hopes the economy can avoid a severe recession and that the Federal Reserve will take it easier on rates.
On Wednesday:
The S&P 500...
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9 days ago | By Business Insider
Thiago Prudencio/SOPA Images/LightRocket via Getty Images
US stocks closed mixed Wednesday after a choppy session amid fresh earnings.
Microsoft shares fell after it cut revenue guidance. Investors are awaiting Tesla's report after the bell.
The S&P 500 remains higher early in the new trading year.
US stocks ended mixed on Wednesday, with disappointing financial updates from Microsoft and Boeing making for a choppy session as investors determine how companies have been navigating through higher rates and an uncertain economic environment. The S&P 500 lost ground for a second consecutive...
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