The Dow Jones Industrial Average traded higher on Wednesday, aiming to continue its six-day winning streak as investors ignored some weakness in the tech sector.
The Dow rose by 0.2%, or 75 points, while the S&P 500 saw a modest gain of less than 0.1%. The Nasdaq Composite experienced a slight pullback of less than 0.1%.
Uber shares plummeted by 8.5% following the rideshare company’s unexpected net loss and lower-than-anticipated bookings revenue. Meanwhile, Intel saw a decline of over 2.5% after revising its second-quarter revenue guidance downward.
Tesla shares declined by 2% after reports from Reuters indicated that U.S. prosecutors are investigating potential wire fraud by the company as part of a inquiry into Tesla’s Autopilot systems.
Source (CNBC)
