"Stocks are drifting near their record heights on Wall Street Wednesday, while the price of gold falls again to trim more off its tremendous gain for the year.The S&P 500 slipped 0.1% in early trading and is sitting just underneath its all-time high, which was set earlier this month. The Dow Jones Industrial Average was down 65 points, or 0.1%, coming off its own record. The Nasdaq composite was 0.3% lower, as of 9:35 a.m. Eastern time."
"The report from Western Alliance was particularly welcome after it helped shake confidence in the industry last week. It's one of several banks that have warned of potentially bad loans on its books, possibly because of fraud.Intuitive Surgical, which sells robotic-assisted surgical systems, soared 16.5%, and GE Vernova added 0.5% after they likewise reported better profits for the latest quarter than analysts expected."
Stocks drifted near record highs as the S&P 500 slipped 0.1%, the Dow fell about 65 points (0.1%), and the Nasdaq lost 0.3% in early trading. Gold fell, trimming part of its large year-to-date gain. Bank shares held relatively steady after stronger-than-expected summer profits at Capital One, Western Alliance and others, with Western Alliance's report easing recent sector concerns tied to potentially bad loans and fraud. Intuitive Surgical and GE Vernova rose on solid results. Netflix tumbled after weaker quarterly results. AT&T and Texas Instruments missed or only matched forecasts. Beyond Meat surged sharply amid increased Walmart availability.
Read at Fast Company
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