Wall Street stocks fluctuated between minor losses and gains on Wednesday as investors digested the latest results from US banks and streaming giant Netflix.
The S&P 500 finished flat, as did the tech-heavy Nasdaq Composite, which is up 15 per cent this year.
Morgan Stanley shares reversed losses to gain 0.7 per cent, even as its first-quarter results showed a drop in earnings following a slowdown in dealmaking, while Western Alliance shares surged 24 per cent after the lender reported a rebound in deposits. The KBW Nasdaq Bank index gained 1.7 per cent.
Meanwhile, Netflix shares fell more than 3 per cent after the company reported late on Tuesday that it missed analysts’ expectations for subscriber growth.
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