Stock market today: Wall Street's lull stretches to a second day as indexes finish mixed
Stock drifted to a mixed close as Wall Street remains in a lull
NEW YORK — Wall Street's lull stretched into a second day, as U.S. stocks drifted to a mixed close in a quiet Wednesday.
The S&P 500 finished virtually unchanged after flipping between modest gains and losses through the day. It edged down by 0.03 to 5,187.67. It was coming off a very slight gain from Tuesday, which followed a big three-day winning streak.
The Dow Jones Industrial Average rose 172.13 points, or 0.4%, to 39,056.39, and the Nasdaq composite slipped 29.80, or 0.2%, to 16,302.76.
Uber Technologies slumped 5.7% after reporting worse results for the latest quarter than analysts expected. It also gave a forecasted range for bookings in the current quarter whose midpoint fell below analysts’ estimates.
Shopify tumbled 18.6% despite reporting better profit and revenue for the latest quarter than analysts expected. The company, which helps businesses sell things online, said its revenue growth would likely slow this quarter and that it would likely make less profit off each $1 in revenue.
Match Group sank 5.4% despite topping profit expectations. The company behind Tinder, Hinge and other apps for connecting people with each other gave a forecast for revenue in the current quarter that fell short of what analysts were expecting. It said its efforts to make Tinder better for women and Gen Z customers in particular have hurt some performance measurements in the short term.
Intel fell 2.2% after saying the U.S. Commerce Department revoked licenses for exports to a Chinese customer. That could cause its revenue for the current quarter to fall below the midpoint of the forecasted range it had earlier given.
They helped to offset Lyft, which revved 7.1%
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