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Stocks traded slightly higher on Wednesday as Wall Street also digested another batch of corporate earnings.
The Dow Jones Industrial Average stayed in the red 8.91 points to 26,647.48
The S&P 500 slumped 2.39 points to 2,931.29
The NASDAQ Composite slipped 1.01 to 8,119.81 from Tuesday’s record close.
Facebook and Microsoft are among the companies set to report later on Wednesday, while Amazon is scheduled to release its results on Thursday.
Nearly 130 S&P 500 companies have reported calendar first-quarter earnings so far. Of those companies, 78% have reported better-than-forecast profits
Earlier on Wednesday, Caterpillar reported better-than-expected earnings and revenue for the previous quarter. However, the stock fell more than 3%. Boeing shares, meanwhile, rose 1% despite the company pulling its 2019 guidance and halting its buyback program.
Domino’s Pizza, meanwhile rose 10% on stronger-than-forecast quarterly results. Anthem and Biogen’s earnings also beat estimates.
Prices for the benchmark 10-year U.S. Treasury sprang upward, lowering yields to 2.52% from Tuesday’s 2.57%. Treasury prices and yields move in opposite directions.
Oil prices slid 51 cents to $65.79 U.S. a barrel.
Gold prices gained $5.90 to $1,279.10 U.S. an ounce.
