In the midst of the corporate earnings season, investors were examining a fresh batch of quarterly reports, and on Wednesday, the S&P 500 experienced gains.
Futures for the S&P 500 increased by 0.4%, while those for the Nasdaq 100 increased by 0.5%. In the meantime, futures connected to the Dow Jones Industrial Average increased by about 70 points, or 0.2%.
Investors turned their attention to the most recent quarterly results. Due to a revenue miss and cautious forecast, Snapchat’s price fell more than 30%, while Ford’s shares increased by almost 6% as a result of exceeding Wall Street’s expectations for the fourth quarter and releasing a better-than-expected full-year view.
After the solar company hinted that its excess inventory might be nearing a tipping point, Enphase Energy saw a 17% spike. This encouraging news caused a domino effect in the solar industry, resulting in an 11% increase in Solaredge Technologies.
Source (CNBC)