U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite gaining around 100 points on Wednesday.
The Dow traded up 0.11% to 38,313.27 while the NASDAQ rose 0.70% to 15,765.18. The S&P 500 also rose, gaining, 0.49% to 4,977.43.
The U.S. stock market attempted a rebound following Tuesday’s declines, which were sparked by a higher-than-expected inflation report in January, as investors refocused on corporate earnings.
Conduent reported Q4 FY23 results with revenues of $953 million, adjusted EBITDA of $103 million, and adjusted EPS of $0.03. The company expects adjusted revenue of $3.60 billion-$3.70 billion for FY24.
Shares of Sony Group Corporation (NYSE: SONY) fell during Wednesday’s session after the company reported third-quarter financial results and revised guidance above estimates and shared plans to list its financial arm in October 2025.
U.S. stocks traded mixed midway through trading, with the Dow Jones falling more than 50 points on Wednesday.
The Dow traded down 0.20% to 38,194.62 while the NASDAQ rose 0.19% to 15,686.43. The S&P 500 also rose, gaining, 0.11% to 4,958.84.