S&P 500 Fluctuates as Traders Brace for Alphabet, Tesla Results

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessS&P 500 Fluctuates as Traders Brace for Alphabet, Tesla ResultsUS stocks swung between small gains and losses after chipmakers came off session lows and oil prices jumped on the escalation of the US-Iran war. Traders are also bracing for key earnings from Alphabet Inc., Tesla Inc. and International Business Machines Corp. due later in the afternoon.Author of the article:Last updated 18 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.qs8w(vkgpzcm0al]qb2z8rkn_media_dl_1.png Bloomberg(Bloomberg) — US stocks swung between small gains and losses after chipmakers came off session lows and oil prices jumped on the escalation of the US-Iran war. Traders are also bracing for key earnings from Alphabet Inc., Tesla Inc. and International Business Machines Corp. due later in the afternoon.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe S&P 500 Index was up 0.09% as of 1:25 p.m. in New York. The technology-heavy Nasdaq 100 Index was little changed, after falling as much as 0.8% earlier in the session. An exchange-traded fund tracking chipmakers erased premarket losses to rise 1.2%. Nvidia Corp. added 3.1%, paring earlier declines.With AI spending skyrocketing, investors are looking for Alphabet’s earnings to show strong growth in its cloud-computing business. Intel will also give investors a read on how AI spending is reshaping the tech industry. Meantime, Tesla investors are watching for more information on the EV maker’s spending.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“Markets continue to be driven by tech and semiconductors, with volatility in those areas exceeding the rest of the market,” said Rocky Fishman, founder at Asym Research. The next few days will include “important earnings announcements that will need to justify ever-higher valuations.”Alphabet shares are down more than 13% since hitting a record in May, narrowing its gain in 2026 to 11%. But among Mag Seven stocks, only Apple Inc., which has steered clear of the AI spending spree, and chip giant Nvidia have done better this year. Apple is readying an overhaul of its Mac line, seeking to capitalize on demand for powerful laptops and desktops fueled by the AI boom. Apple shares fell 1.2% on Wednesday.Among other individual shares, Super Micro Computer Inc. rallied 23%, the most among S&P 500 companies, after the server maker issued a business update that included raising its fourth-quarter gross margins outlook and saying the backlog was at a record.In other news, Advanced Micro Devices Inc. and Anthropic PBC have agreed on a deal for AI servers worth tens of billions of dollars, the Wall Street Journal reported. The deal will help bolster AMD in competing against industry leader Nvidia and provide Anthropic with essential computing power, the newspaper said. AMD shares rose 2.2%.Energy shares were among the best groups in the S&P 500, advancing 1.3% as oil prices jumped, after the US and Iran signaled they aren’t ready to return to the negotiating table. Brent crude traded near 93.93.Elsewhere, AT&T Inc. rose 2.6% after the telecom company reported second-quarter results that beat expectations on key metrics, including wireless postpaid phone net adds and adjusted earnings. GE Vernova Inc. fell 7.7% — among the biggest S&P 500 decliners on Wednesday — after the power equipment manufacturer’s adjusted Ebitda narrowly missed expectations, with the company still facing weakness in its wind business.International Business Machines Corp. is also scheduled to report earnings Wednesday after the closing bell, with many on Wall Street expecting a reduction of the company’s outlook after providing disappointing early results. Intel Corp. reports results on Thursday.Philip Morris International Inc. beat ​Wall Street estimates ‌for second-quarter sales, helped ​by strong demand for ⁠smoke-free ​products, with shares rising 1.8% after briefly touching a fresh record. Meanwhile, software company Pegasystems Inc. tumbled 17% after analysts noted that the management’s comments about delayed purchasing decisions from clients seem to echo similar remarks from IBM earlier in the month.—With assistance from Ryan Vlastelica.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.