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Stock market today: Dow extends winning streak to 6 days

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Earnings Reports News

Neel Kashkari,Nasdaq Composite,Susan Collins

While techs have mainly delivered on high earnings expectations, the focus is now on whether other sectors can match up.

US stocks were a mixed bag on Wednesday as investors tried to read the rate-cut runes and weighed a fresh batch of earnings reports for insight into the chance of a corporate America-spurred revival. The Dow Jones Industrial Average rose 0.5%, or nearly 200 points, while the S&P 500 closed roughly flat on the day. The tech-heavy Nasdaq Composite edged down about 0.1%. The Dow has now risen for six straight trading sessions and is back above 39,000.

Boston Fed President Susan Collins furthered this notion on Wednesday, saying it will take longer "than previously thought" to bring inflation down. Uncertainty about corporate earnings also gave some investors pause as the season entered its final stretch. While techs have mainly delivered on high expectations, the focus is now on whether other sectors can match up.

 

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