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Jan. 23, 2019, 4:01 p.m. EST

U.S. stocks shrug off midday selloff to finish mostly higher on Wednesday

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By Aaron Hankin

U.S. stocks shrugged off a midday selloff to finish mostly higher on Wednesday, as investors weighed a round of solid corporate earnings with ongoing uncertainty surrounding the U.S.-China trade talks. The Dow Jones Industrial Average /quotes/zigman/627449/realtime DJIA +0.70% was the best-performing major index, closing up around 170 points, or 0.7%, aided by solid earnings from IBM Corp. /quotes/zigman/230066/composite IBM +1.02% and Procter & Gamble Co. /quotes/zigman/238894/composite PG +0.47% . The S&P 500 /quotes/zigman/3870025/realtime SPX +0.64% finished up 0.2% and the Nasdaq Composite Index /quotes/zigman/12633936/realtime COMP +0.91% was up less than 0.1%. In other company news, shares of Tesla Inc. /quotes/zigman/118681/composite TSLA +1.19% fell more than 4% after RBC downgraded the stock to underperform and cut its price target to $245 from $290. Elsewhere, citing the government shutdown, House Speaker Nancy Pelosi said she would not authorize President Donald Trump to give his State of the Union speech in the chamber.

/quotes/zigman/627449/realtime
US : DJ-Index
26,031.81
+181.18 +0.70%
Volume: 279.76M
Feb. 22, 2019 4:48p
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/quotes/zigman/230066/composite
US : U.S.: NYSE
$ 139.25
+1.41 +1.02%
Volume: 3.02M
Feb. 22, 2019 4:03p
P/E Ratio
14.64
Dividend Yield
4.51%
Market Cap
$125.27 billion
Rev. per Employee
$200,078
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/quotes/zigman/238894/composite
US : U.S.: NYSE
$ 100.25
+0.47 +0.47%
Volume: 7.35M
Feb. 22, 2019 4:00p
P/E Ratio
24.38
Dividend Yield
2.86%
Market Cap
$249.61 billion
Rev. per Employee
$727,304
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/quotes/zigman/3870025/realtime
US : S&P Base CME
2,792.67
+17.79 +0.64%
Volume: 2.09B
Feb. 22, 2019 4:48p
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/quotes/zigman/12633936/realtime
US : U.S.: Nasdaq
7,527.54
+67.84 +0.91%
Volume: 0.00
Feb. 22, 2019 5:16p
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/quotes/zigman/118681/composite
US : U.S.: Nasdaq
$ 294.71
+3.48 +1.19%
Volume: 5.67M
Feb. 22, 2019 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$50.30 billion
Rev. per Employee
$439,627
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