Asia-Pacific markets set to climb as region awaits slew of economic data
Stocks finish mixed
Stocks were mixed Wednesday.
The Dow Jones Industrial Average rose 9.88 points, or 0.03%, to end at 33,743.84. The Nasdaq Composite dipped 0.18% to close at 11,313.36, and the S&P 500 dipped 0.02% to settle at 4,016.22.
— Samantha Subin
Microsoft shares shed after-hours gains, turn negative
Microsoft shares slid about 1% in after-hours trading, reversing earlier gains.
Shares were initially higher after the company posted quarterly earnings per share that beat the Street’s expectations. However, investors’ sentiment soured after Microsoft issued disappointing guidance for revenue in the current quarter on its earnings conference call.
The company forecasted $50.5 billion to $51.5 billion in fiscal third quarter revenue, while analysts surveyed by Refinitiv anticipated $52.43 billion.
Read more about Microsoft’s results here.
–Darla Mercado, Jordan Novet
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