- US stocks finished mixed as the Nasdaq snapped a three-day win streak amid weak tech earnings.
- But the Dow Jones Industrial Average extended its rally to a fourth consecutive session.
- Tech stocks will see more action this week as Meta reports late Wednesday and Apple is due to report after the close on Thursday.
US stocks finished mixed on Wednesday, as the Nasdaq and S&P 500 snapped three-day win streaks amid disappointing quarterly reports from tech giants.
Google parent Alphabet reported an unexpected slowdown in revenue, and Microsoft reported its lowest revenue growth in five years while also warning on the strong US dollar’s effect on earnings. Chips stocks also slumped after Texas Instruments provided guidance that missed analysts’ forecasts.
Meanwhile, the Dow Jones Industrial Average eked out a gain to extend its rally to a fourth consecutive session, helped in part by strong earnings from Visa.
The tech sector will be in motion again this week as Facebook parent Meta reports late Wednesday, while Apple, Amazon and Intel report after the close on Thursday.
Here’s where US indexes stood at the 4:00 p.m. closing bell on Wednesday:
Here’s what else is happening today:
In commodities, bonds and crypto: