CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

US market close: Dow, S&P, Nasdaq rise on earnings reports – will it last?

By Joseph Toppe


Bulls and bears
Dow, S&P, Nasdaq rebound as Visa (V) soars and Alphabet (GOOGL) tanks on Wednesday - Photo: Shutterstock

Wall Street investors may have overlooked larger market issues amid a string of midweek earnings reports, according to Piero Cingari, market analyst at

“After yesterday’s severe losses, the stock market rebounded as investors positively digested another day of earnings, temporarily ignoring macro worries unfolding in Europe,” he said. “While Microsoft (MSFT) marginally exceeded expectations, Alphabet (GOOGL) disappointed amid a drop in YouTube advertising revenues.”

Cingari continued: “Visa (V) outperformed earnings per share estimates considerably by roughly 9% and was among Wednesday’s top performers, while Meta (FB) is slated to report after hours, with S&P 500 giants Apple (AAPL) and Amazon (AMZN) taking stage tomorrow.”

What is your sentiment on MSFT?

Vote to see Traders sentiment!

Visa Inc (V)

Look ahead: Fed rate hikes 

Congari said the markets are now being driven by earnings reports, “but the focus may soon shift back to the macro, with the Federal Reserve’s preferred inflation indicator, Personal Consumption Expenditure (PCE) announced on Friday.”

“The Fed will meet again next week, and 50-basis point raise hike is predicted, alongside further details on quantitative tightening,” he added.

Dow, S&P, Nasdaq: Tech index falls at bell

During the session, the Dow Jones Industrial Average (US30) added 61 points, or 0.19%, the S&P 500 improved 0.21%, while the tech-heavy Nasdaq Composite (US100) slipped just below the redline 0.01%, after spending most of the day in positive territory.

On Tuesday, the Dow shed 810 points, or 2.38%, the S&P dropped 2.82%, and the Nasdaq went 3.95% lower.

Winners & losers: Key tech shares hobble Nasdaq

Shares of Microsoft (MSFT) are up 4.81%, Apple (AAPL) is down 0.15%, while Alphabet (GOOGL) is 3.67% lower and Intel (INTC) is 0.66% in the red.

Shares of Texas Instruments (TXN) rose 0.56%, Advanced Micro Devices (AMD) fell 0.29%, as Nvidia (NVDA) dropped 1.99% and Roku (ROKU) slipped 7.63%.


483.15 Price
+0.350% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.53


245.80 Price
+0.580% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.09


127.08 Price
-0.450% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.42


16.44 Price
+0.060% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.25

Also on Wednesday, Twitter (TWTR) backpedaled 2.07%, Snap (SNAP) sank 5.58%, while Pinterest (PINS) and Meta (FB) decreased 2.76% and 3.32%, respectively.

Microsoft (MSFT)

Meta Platforms (FB) 

Oil: Over $102 a barrel

Oil futures are up midweek as West Texas Intermediate crude for June delivery spiked 32 cents, or 0.3%, to close at $102.02 a barrel on the New York Mercantile Exchange.

In the energy sector, shares of Exxon Mobile (XOM) are 2.84% higher, ConocoPhillips (COP) is up 1.89%, while Occidental Petroleum (OXY) jumped 1.40% and Chevron (CVX) fell 0.18%.

In other energy shares, Diamondback Energy (FANG) added 1.00% as Hess (HES) rose 1.25%.

US Crude Oil 

Gold: Two-month low

Gold futures are of on Wednesday as Gold for June delivery went down $15.40, or 0.8%, to close at $1,888.70 an ounce, and May silver shed eight cents, or 0.3%, to close at $23.46 an ounce.

Meanwhile, Pan American silver (PAAS) is off 1.26%.


Markets in this article

Advanced Micro Devices Inc (Extended Hours)
124.50 USD
0.44 +0.360%
Alphabet Inc - A (Extended Hours)
135.76 USD
0.2 +0.150%
AMZN Inc (Extended Hours)
146.86 USD
0.19 +0.130%
Apple Inc (Extended Hours)
189.55 USD
0.03 +0.020%
143.98 USD
-1.56 -1.070%

Rate this article

Related reading

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading