Wall Street closes mixed as investors digest tepid corporate results

The index S&P 500 of Wall Street It closed little changed on Wednesday as investors digested a series of mixed corporate results, including encouraging reports from medical technology companies, which were offset by weakness in Netflix shares.

He Dow Jones fell pressured by declines in shares of Walt Disney Co y UnitedHealth Group Inc after the results of their rivals in their respective industries.

Los major stock indices They have been largely flat through the early stages of a first-quarter reporting season that investors expect will show tepid results.

He S&P 500 it lost 0.35 points, or 0.01%, to 4,154.69 units; Meanwhile he Nasdaq Composite it gained 3.82 points, or 0.03%, to 12,157.23 units. He Dow Jones Industrial Average it fell 79.62 points, or 0.23%, to 33,897.01 units.

The volatility index CBOEalso known as the wall street fear indicatorfell to its lowest point since November 2021 during the session.

Investors are looking for signs in corporate results that the inflation it may be raising costs or hurting consumer spending, amid fears the economy may be on the brink of recession.

Companies are expected to S&P 500 overall post a 4.8% decline in first-quarter earnings from the same period a year earlier, according to Refinitiv IBES.

The actions of Netflix Inc fell after the video streaming pioneer offered a lower-than-expected forecast.

The actions of Abbott Laboratories rose after the medical device maker said most delayed non-urgent medical procedures had resumed globally three years after the Covid-19 pandemic. the papers of Intuitive Surgical soared after its quarterly revenue and profit beat estimates.

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