Wall Street Drifts in Mixed Trading

An AP News article

U.S. stock indexes barely budged on Wednesday after oil prices climbed another 3% as fighting continues in the war with Iran.

The S&P 500 edged down by 0.1%, coming off its best day in three weeks. The Dow Jones Industrial Average dipped 6 points, or less than 0.1%, and the Nasdaq composite fell 0.6%.

Despite the modest moves for indexes, stocks had some big swings underneath the surface. Philip Morris International rallied 3.3% after the seller of Marlboro cigarettes reported stronger profit and revenue for the latest quarter than expected. Its shipments of smoke-free products rose 7.5%.

AT&T climbed 3.5% after reporting a stronger profit than analysts expected. CEO John Stankey also said the telecom is accelerating plans to send roughly $10 billion to its shareholders this year through the buybacks of its stock.For the full article click here