S&P 500 HITS RECORD HIGH WITH EARNINGS, RATE OUTLOOK IN SPOTLIGHT

Wednesday saw Wall Street on the rise, highlighted by the S&P 500 reaching a new record peak. Investors closely monitored corporate earnings reports and paid attention to policymakers' statements for insights into potential interest rate adjustments. Ford experienced a 3.5% increase after announcing a boost in its first-quarter dividend and a decision to reduce investments in new capacity for unprofitable electric vehicles. Conversely, Snap faced a significant downturn, plunging 35.1% to a two-month low due to falling short of quarterly revenue expectations, highlighting challenges in competing for advertising revenue in its Snapchat platform.

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