Stocks in the US were mostly higher on Wednesday, with the S&P 500 up 0.1%, the Nasdaq adding 0.2% and the Dow Jones swinging around the flatline.
Traders remain focused on corporate earnings and trade developments, particularly after President Trump announced increased tariffs targeting countries that purchase energy from Russia.
He also signaled that new levies on semiconductor and pharmaceutical imports will be unveiled "within the next week or so". Apple was up 2.8% as President Donald Trump is set to announce the firm will commit to another $100 billion investment on domestic manufacturing. Also, Arista Networks surged 15% after beating expectations, while McDonald's climbed 2.1% following strong earnings and revenue results.
On the downside, AMD dropped over 6% after failing to provide a clear timeline for resuming sales in China. Walt Disney fell 4.9% after missing revenue estimates, and Uber slid 0.9% despite better-than-expected results.
Source: Trading Economics
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