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The US stock market continued its recent rally on Wednesday’s trading session, with technology stocks jumping. For the entire market, earnings remain in the investors’ focus.
Stocks finished higher on Wednesday, adding to sharp gains booked a day before, with corporate earnings from a string of major technology companies in focus.
The Dow Jones Industrial Average added about 51 points, or 0.2%, ending near 31,878. The S&P 500 index rose 0.6%, while the Nasdaq Composite Index closed 1.6% higher.
Shares of steaming giant Netflix, Inc. bounced Wednesday after it reported losing only half as many subscribers as feared in the second quarter. Electric vehicle maker Tesla Inc. is due to report after the market close Wednesday. Tech earnings gave investors something to focus on and digest to envision direction in the upcoming quarter.
