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VOL. 48 | NO. 18 | Friday, May 3, 2024

Indexes drift to a mixed close as Wall Street remains in a lull

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NEW YORK (AP) — Stock drifted to a mixed close as Wall Street remains in a lull.

The S&P 500 closed little changed Wednesday, after a big three-day winning streak gave way to a tiny gain the prior day. The Dow Jones Industrial Average rose 0.4%, and the Nasdaq composite fell 0.2%.

Uber Technologies slumped after reporting worse results for the latest quarter than analysts expected. Shopify tumbled after giving a forecast for slowing revenue growth.

Lyft and Arista Networks revved higher after topping expectations for profit and revenue.

Treasury yields rose in the bond market.

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