Stock Market Today: Rally Fades as Tesla Soars; Meta Earnings on Deck

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U.S. stocks were little changed Wednesday ahead of some key economic data and more mega-cap tech earnings.

The U.S. stockmarket took a breather on Wednesday, ending the day little changed amid slew of corporate earnings reports, and ahead of some key economic data scheduled for the end of the week.The Dow Industrial Average closed down fractionally, while the S&P 500 and tech-heavy Nasdaq ended slightly higher.Among the biggest gainers of the day was Tesla, which popped 8% after Tuesday's earnings report.

Investors are expecting big numbers from the Facebook parent, which is coming off a 'year of efficiency,' as dubbed by CEO Mark Zuckerberg, that has seen its margins improve. Last quarter, Meta posted its best sales growth in two years, and the stock has been flying — up more than 40% so far this year.

 

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