The Dow ended in red while the S&P 500 and the Nasdaq Composite finished in positive territory.
The tech-heavy Nasdaq Composite finished at 14,893.75, rising 0.6% due to strong performance by large-cap technology stocks.
However, the share plummeted 6.3% after its CFO Jeremy Barnum warned that the company likely to miss profit target in the next two years due to higher expenses and moderating revenues.
Wells Fargo & Co.’s WFC fourth-quarter 2021 earnings per share of $1.38 surpassed the Zacks Consensus Estimate of 1.09.
The Department of Commerce reported that retail sales in December tumbled 1.9% compared with the consensus estimate of a decline of 0.2%.
In December, total manufacturing output dropped 0.3% , of which the auto production slid 1.3%.
Soaring inflation, the Fed’s indication of a harsh monetary stance and rapid spread of the Omicron variant of coronavirus were primary reasons for weak performance of U.S.
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