S&P 500 ekes out small gain for its 3rd positive day, Alphabet pops
(CNBC) — The S&P 500 climbed slightly on Wednesday, rising for a third straight day as investors digested a wave of corporate earnings.
The broad equity benchmark rose 0.1% to 3,830.17, supported by energy and communication services. The Dow Jones Industrial Average gained 36.12 points, or 0.1%, to 30,723.60. The tech-heavy Nasdaq Composite dipped less than 0.1% to 13,610.54 amid a drop in Amazon shares.
Shares of Google’s parent Alphabet jumped 7.3% after the technology giant reported 23% revenue growth and topped estimates for earnings, boosted by Google’s recovering advertising business.
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