Wall Street drifted higher Wednesday as gains for most stocks outweighed drops for Alphabet and some other big-name companies following their latest profit reports. The S&P 500 rose 0.4% following mixed trading across European and Asian markets.

Failed to fetch dynamically imported module: https://finance.yahoo.com/assets/_app/immutable/nodes/105.JzBkOQ-g.js

Alphabet shares fell 7.2 percent on Wednesday after reporting fourth-quarter revenue below Wall Street forecasts and revealing substantial spending plans for artificial intelligence (AI) expansion, according to CNBC. This decline marked the stock’s worst performance since January 2024.

Major indexes on Wall Street fell as disappointing financial forecasts from Alphabet, AMD, and other corporations undermined investor confidence. Alphabet's AI investments and slipping revenue, alongside AMD's expected revenue dip,

US stocks mostly gain early Thursday as investors weigh earnings reports. Amazon results are due after the close and monthly jobs on Friday.

Google’s parent company is weighing on a mixed Wall Street Wednesday as the focus swings back toward how much profit businesses are making.

Stocks on Wall Street edged higher Wednesday as the focus swings back toward how much profit businesses are making. The S&P 500 rose 0.3% in afternoon trading. The Dow Jones Industrial Average was up 274 points,

Wall Street is mixed on Wednesday as attention swings back toward how much profits companies are making and away from President Donald Trump’s tariffs, at least temporarily.