Wall Street Stocks Near Record Highs Amid Oil Price Stability
Stocks on Wall Street experienced a mixed finish on Wednesday, hovering near record highs. The S&P 500 index fell 12.97 points, or 0.2%, to close at 7,723.55, while the Dow Jones industrial Average rose 263.24 points, or 0.5%, to 54,349.12.
The Nasdaq fell 221.55 points, or 0.8%, to 26,363.44 due to losses in big technology companies, including Alphabet's 4% drop and Microsoft's 1.1% decline. However, Booking Holdings jumped 6.6% after reporting strong travel demand drove profit and revenue growth.
The market has been generally rising as companies head into the closing stretch of their latest round of earnings reports with sharp overall gains. Three-quarters of the companies within the S&P 500 have reported results so far, and Wall Street expects profit growth of 50% when they are all finished.