U. S. shares hover between small gains and losses

U. S. Stocks hovered between small gains and losses, on Wednesday, as investors digest corporate earnings results released by biggest U.S. companies.

The S&P 500 rose 0.2% a day after the broad stocks gauge closed at an all-time high for the 57th time this year. The Dow Jones Industrial Average, which also closed Tuesday at a record, was down 0.2%, while the technology-focused Nasdaq Composite Index rose 0.8%.

The Dow Jones declined despite Microsoft’s surge. Google parent Alphabet passed a buy point on strong earnings. However, IPO stock Robinhood announced disappointing results. Tesla was turning on gains.

The Nasdaq was benefiting from strength among the tech giants. It was leading the major indexes with a gain of 0.7%.

The S&P 500 also managed to squeeze out a slender gain, though it was basically flat. Enphase energy fared best there.

The S&P sectors were mostly negative, with communication services and consumer discretionary the best upside performers. Financials and energy were the worst laggards. A dip in the 10-year treasury yield was hurting the financials.