U.S. stock markets declined on Wednesday as investors weighed mixed earnings reports and anticipated further results from major technology companies.
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On Tuesday, the Nasdaq Composite rose 0.9% to reach a new record high, surpassing the 18,700 level, supported by gains in major tech stocks ahead of key earnings releases.
Stocks saw gains Monday, spurred by optimistic anticipation of upcoming mega-cap tech earnings and a reduction in geopolitical concerns.
The Nasdaq Composite reached an all-time high on Friday, climbing 0.56%, primarily driven by gains in major tech stocks.
U.S. stocks saw a modest rebound, breaking a three-day losing streak. The S&P 500 added 0.21%, while the Nasdaq Composite surged 0.76%.
On Wednesday, U.S. stocks experienced sharp declines as rising Treasury yields weighed on investor sentiment.
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On Tuesday, U.S. stock markets closed with mixed results as investors balanced concerns over rising interest rates and assessed corporate earnings reports.
The Dow Jones Industrial Average fell on Monday, reversing some of last week's gains as Treasury yields rose, signaling concerns about prolonged high interest rates.