Wall Street closes with gains amid good corporate results from the technology sector.
U.S. stock markets closed Wednesday with gains, led by the Nasdaq, which saw an increase of 0.36%, as investors remained optimistic about expected earnings for technology firms.
The S&P 500, on the other hand, rose 0.08%, to 4,868.55 points, while the Dow Jones Industrial Average fell 0.26%, to 37,806.39 points.
Corporate results were the main driver of gains on Wall Street. For example, Netflix exceeded investors’ estimates for the fourth quarter of 2023, leading its shares to rise by 10.70%.
Microsoft also reported solid results, with a 20% increase in quarterly earnings. Its shares rose by 0.92%.
However, Tesla fell more than 2% after the close of trading, following the company’s announcement of fourth-quarter earnings that fell short of expectations.
In the international market, Asian stocks also closed with gains. China’s Shanghai Composite index rose by 1.8%, while Hong Kong’s Hang Seng rose by 3.56%.
As for local markets, the Mexican Stock Exchange (BMV) closed with losses. The S&P/BMV IPC fell by 0.19%, to 55,419.55 points.
Oil prices also rose. West Texas Intermediate (WTI) gained 1.36%, to $75.38 per barrel, and Brent rose by 0.96%, to $80.31 per barrel.
