Wall Street opens in mixed territory and the Nasdaq falls 1.12%

Wall Street opened this Wednesday in mixed territory and the Dow Jones Industrial Average, its main indicator, rose 0.14%, as investors analyze the latest business results.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones stood at 33,187 units and the selective S&P 500 was down 0.69%, up to 4,218 points.

For its part, the Nasdaq market composite index, in which the main technology companies are listed, fell 1.12%, to 12,978 points.

Technology stocks were hit by Alphabet’s (Google’s parent) third-quarter results, which the company released on Tuesday after the stock market closed.

Alphabet shares fell more than 9% today as its cloud business missed analyst estimates, overshadowing its revenue and profit growth.

For its part, shares of Microsoft, a company that also published its results yesterday, rose 4.19%.

This morning, Boeing (0.75%) said in its corporate results that it will not change its financial forecasts.

After the stock market closes, the technology companies IBM and Meta will announce their results.

About 25% of S&P 500 companies have so far posted third-quarter earnings. Of those companies, 78% have exceeded expectations, according to CNBC.

By sector, the greatest gains were for energy and public services, which rose 0.33% and 0.26%, respectively; while the biggest losses were for communications and real estate, which fell by 5% and 1.11%.

Among the 30 Dow Jones stocks, the biggest losses were for Verizon (-1.59%) and Salesforce (-1.52%); while the biggest gains were for Microsoft and Travelers (1.73%).