Wall Street trade was cautious Wednesday, the Associated Press reports, with the S&P 500 ticking up 0.1% coming off its first loss after setting all-time highs for six days straight.
The Dow Jones Industrial Average was essentially unchanged, and the Nasdaq added 0.2%.
Treasury yields picked up following a report early Wednesday that suggested the U.S. economy’s growth was much stronger than expected during the second quarter. The yield on the two-year U.S. Treasury note was up to 3.9% from 3.86% late Tuesday. The 10-year Treasury rose to 4.36% from 4.34%.
Stocks were mixed as most U.S. companies continued to report stronger spring profits than analysts had anticipated.
Humana was up 5.7% after the insurer and health care giant reported strong spring results and raised its forecasts for profit and revenue over the full year.
Trane Technologies tumbled even on a stronger-than-expected profit for the latest quarter after its stock came into the day with a 27.5% gain for the year.
Starbucks reversed an early gain in trading to a loss of 2.9% after reporting a weaker profit than expected.
