US stock indexes are showing mixed performance following a wave of corporate earnings reports. The S&P 500 hovers near its all-time high, while the Dow Jones and Nasdaq experience slight fluctuations. Airbnb soars after exceeding profit expectations, while Applied Materials dips despite strong earnings due to a revenue forecast that fell short of Wall Street's predictions. Treasury yields decline following a report of weaker retail sales attributed to adverse weather conditions.
FIL:E - The New York Stock Exchange is shown in New York's Financial District on Dec. 23, 2024.
Airbnb charged 12.3% higher after reporting stronger profit for the latest quarter than analysts expected as customers booked more nights on its platform. It joined a long list of companies to top expectations this reporting season, which is usually the case. This past week hit Wall Street with a couple disappointing reports that showed inflation unexpectedly accelerated last month.
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