Mixed up on Wall Street: Tripadvisor embarks on a journey – the journey is going downhill.

While the Dow continues its upward trend, the Nasdaq fell for the second day in a row. Tek-askjer has had big shoes to fill in this results period, as the rapid development of artificial intelligence has created high expectations.

The S&P 500 was unchanged on Wednesday, ending at 5,187.59, while the Nasdaq technology index fell 0.18 percent to 16,302.76. Industry-heavy Dow Jones rose 0.44 percent to 39,058.41.

Boston Fed President Susan Collins said on Wednesday that the Fed’s interest rate policy will probably have to remain at current levels until inflation moves “sustainably” towards the central bank’s target of 2 percent, writes CNBC.

The 10-year yield rose 0.04 percent, to 4.5 percent, and the volatility index – VIX – fell 2.12 percent to 12.96.

Movements

Tripadvisor shares fell by almost 30 percent after the online travel company rejected the idea of ​​a potential sale when it presented quarterly figures. The company achieved revenue of $395 million, and reported adjusted EPS of 12 cents, versus estimates of 4 cents.

Uber fell nearly 6 percent after posting mixed first-quarter results. The company’s overall revenue beat expectations, ending at $10.13 billion versus analysts’ estimates of $10.11 billion. However, the company reported a loss of 32 cents per share. Analysts had expected a profit of 23 cents per share.

The platform Reddit rose more than 5 percent after reporting strong revenue and growth in daily active users in its debut report. Revenue came in at $243 million, against $212.8 million that was expected.

Shopify also presented quarterly figures and the stock plunged 19 percent after disappointing guidance overshadowed strong results.

Chip manufacturer Intel fell around 2.5 percent after coming up with a revised guidance for the second quarter. The company now expects revenues to end up at less than 13 billion dollars. This happened after the Department of Commerce withdrew export licenses for Huawei based in China.

Electric car maker Tesla fell 1.7 percent following news that US authorities are investigating the company’s statements about the controversial Autopilot and Full Self-Driving driver assistance systems.

The largest technology companies have accounted for a large part of the stock market rise in the USA in recent years. Facebook owner Meta, Amazon, Netflix, Apple and Alphabet (also known as the FAANG stocks), had a good day on the stock exchange on Wednesday.

• Facebook rose 0.93 percent to $472.60.
• Amazon fell 0.40 percent to $188.00.
• Apple rose 0.19 percent to $182.74.
• Netflix rose 0.57 percent to $606.47.
• Alphabet rose 1.09 percent to $169.38.

Oil and gas

The June contract for WTI oil rose 1.03 percent to $79.19 a barrel. barrels, while Brent oil rose 0.72 percent to 83.77 dollars per barrel.

US natural gas fell 1.22 percent or 0.83 percent to $2.181 per barrel. MMBtu.

Figures from the US Department of Energy’s statistics wing show that US crude oil inventories increased by 1.4 million barrels to 459.5 million barrels last week. According to TDN Direkt, a decrease of 1.4 million barrels was expected.

Crypto

Bitcoin fell 0.04 percent to 62,140.00, while Ethereum ticked down 1.76 percent to 2,993.30