The Miami Entrepreneur

U.S. stocks end higher Wednesday, with the Nasdaq leading indexes to back-to-back gains

Read Time:52 Second

Stocks finished higher on Wednesday, adding to sharp gains booked a day before, with a corporate earnings from a string of major technology companies in focus. The Dow Jones Industrial Average added about 51 points, or 0.2%, ending near 31,878. The S&P 500 index rose 0.6%, while the Nasdaq Composite Index closed 1.6% higher. Shares of steaming giant Netflix, Inc. bounced Wednesday after it reported losing only half as many subscribers as feared in the second quarter. Electric vehicle maker Tesla Inc. is due to report after the market close Wednesday. The raft of tech earnings has given investors something to focus on before next week’s Federal Reserve meeting in which the central bank is expected to fire off another interest rate increase of 75 basis points as it looks to tamp down inflation that hit a 41-year high in June.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post Alcoa stock jumps 6% after Q2 beats views
Next post Disney stock jumps to 6-week high, as Netflix results boost streaming services companies