Tech Shares Rise Amid Mixed Earnings; Yields Drop: Markets Wrap
(Bloomberg) — Shares of technology stalwarts rose while the broader U.S. equity market was mixed amid a slew of earnings reports, a decline in commodity prices and renewed concerns about economic growth. Bonds gained.
Most Read from Bloomberg
Google parent Alphabet, Amazon.com and Tesla pushed the tech-heavy Nasdaq 100 higher for a third day. The S&P 500 and Dow Jones Industrial Average fluctuated between gains and losses after setting closing record highs Tuesday. McDonald’s Corp., Coca-Cola Co. and Kraft Heinz Co. climbed after positive results. Microsoft Corp. also advanced after upbeat reports late Tuesday. Robinhood slumped after missing revenue estimates. Visa Inc. and General Motors Co. declined.
Mining and energy stocks led a retreat in the Stoxx Europe 600 index as prices of raw materials including aluminum and iron ore fell along with crude oil. Germany’s DAX underperformed after Europe’s biggest economy cut its 2021…
