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LIVE UPDATES | CONCLUDED
Follow all the action in markets on Wednesday after Tesla's warmly-received results with a slew of more earnings to come.
Last Updated:
April 24, 2024 at 4:19 PM EDT
U.S. stocks traded mixed on Wednesday morning with shares of Verizon and Home Depot weighing down the Dow Jones Industrial Average, while the tech-heavy Nasdaq Composite and the S&P 500 continued to rally after the recent pullback.
Verizon Communications Inc. shares fell 1.7% on Wednesday morning as one of the biggest drags in the blue-chip index. The carrier on Monday logged its first post-earnings decline in six quarters after reporting fewer-than-expected subscriber losses in the first quarter. The company also showed little revenue growth, emblematic of industrywide challenges.
Other big decliners in the Dow industrials include shares of Home Depot Inc., which were off 1.5%, and Johnson & Johnson shares, which fell 1.4%, according to FactSet data.
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FACTSET. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.
