U.S. stocks drifted lower early Wednesday, in the wake of another record-setting session, as investors absorbed a huge batch of earnings from technology heavyweights, including Alphabet Inc. and Microsoft, as well as McDonald’s Corp., Boeing Co. and others.
Tensions between Washington and Beijing were also in focus after U.S. regulators banned China Telecom Corp. from operating in the U.S.
On Tuesday, the Dow and S&P 500 both finished at records, while Nasdaq Composite finished less than 1% below its record close from Sept. 7.
What’s driving the market?
Investors have pushed stocks higher, and inflation and economic concerns to the side, amid a mostly strong third-quarter earnings reporting season.
U.S. stocks drift lower as investors weigh earnings from tech and other corporate heavyweights
- by: William Watts and Barbara Kollmeyer
- 10-27-2021
- Source:
Market Watch
- 10/27/2021
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