April 24 - Wall Street's main indexes pared early gains to trade lower on Wednesday, as losses in heavyweight tech stocks outweighed positive earnings across several sectors and rising Treasury yields further pressured equities.
Meta, Microsoft , opens new tab and Alphabet , opens new tab are scheduled to report quarterly results later this week. Wabtec, opens new tab advanced 8.8% after the heavy industrial parts maker raised its full-year profit forecast. U.S. equities had slumped last week as investors turned risk averse amid tensions in the Middle East and more economic data prompted a tuning of rate-cut expectations from the Federal Reserve.
At 11:52 a.m. ET, the Dow Jones Industrial Average , opens new tab was down 173.09 points, or 0.45%, at 38,330.60, the S&P 500 , opens new tab was down 16.57 points, or 0.33%, at 5,053.98, and the Nasdaq Composite , opens new tab was down 22.03 points, or 0.14%, at 15,674.61.