The S&P 500 finished little changed Wednesday as earnings season kicked into full swing and investors parsed the latest results from companies including Netflix and Morgan Stanley.
The benchmark index inched 0.01% lower to settle at 4,154.52, while the Nasdaq Composite eked out a 0.03% gain to close at 12,157.23. The Dow Jones Industrial Average lost 79.62 points, or 0.23%, to finish at 33,897.01.
While many of the companies reporting in the last day topped analysts’ low-bar estimates, traders found something wrong within the results to send the stocks lower. A lack of forecasts from the major companies also left investors on edge, with the Federal Reserve set to raise interest rates again in a couple weeks and recession fears swirling.
The S&P 500 finished little changed Wednesday as earnings season kicked into full swing and investors parsed the latest results from companies including Netflix and Morgan Stanley.
The benchmark index inched 0.01% lower to settle at 4,154.52, while the Nasdaq Composite eked out a 0.03% gain to close at 12,157.23. The Dow Jones Industrial Average lost 79.62 points, or 0.23%, to finish at 33,897.01.
While many of the companies reporting in the last day topped analysts’ low-bar estimates, traders found something wrong within the results to send the stocks lower. A lack of forecasts from the major companies also left investors on edge, with the Federal Reserve set to raise interest rates again in a couple weeks and recession fears swirling.
