by Chibuike Oguh

NEW YORK (Reuters) – The New York Stock Exchange ended a volatile session on Wednesday in mixed order and with slight variations, shared between the rise in bond yields, solid quarterly results from companies in various sectors and the publications expected this week of certain digital heavyweights.

The Dow Jones index fell 0.11%, or 42.77 points, to 38,460.92 points.

The broader S&P-500 modestly gained 1.08 points, or 0.02%, to 5,071.63 points.

The Nasdaq Composite advanced 16.11 points (0.10%) to 15,712.75 points.

A record $70 billion auction of five-year Treasury notes helped push up bond market yields and weigh on stocks. The yield on 10-year Treasuries rose six basis points to 4.6603%.

Investors also have their minds on company results and the week is marked by the publications of certain digital giants, starting with Meta Platforms (-0.52%) after the close this Wednesday before Microsoft (+0.37 %) and Alphabet (+0.55%) on Thursday.

These stocks strongly influence the trend and expectations are high ahead of their results.

Tesla, another heavyweight in the stock market, jumped 12% despite the publication of a quarterly turnover lower than expected, the announcement of the acceleration of the launch of new models at more affordable prices taking precedence over the results.

Boeing, on the other hand, lost 2.9% after announcing a decline in its sales in the first quarter, even less bad than analysts feared.

In semiconductors, Texas Instruments gained 5.6% as its second-quarter revenue forecast beat analysts’ expectations.

(Written by Chibuike Oguh, with Shristi Achar A and Shashwat Chauhan in Bangalore, Bertrand Boucey)

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