Stocks Close Mostly Down As Earnings Season Slows Down

(New York, NY) — Wall Street is closing with stocks mostly down as the momentum from a strong earnings season starts to fade. Microsoft saw shares jump after it reported earnings that exceeded expectations along with the fastest revenue growth since 2018. However, Visa saw its stock fall after it released a revenue outlook that was underwhelming to analysts. Also, the Justice Department is investigating Visa’s relationship with financial-technology firms. Robinhood shares were down dramatically after the trading app reported numbers well under expectations. At the closing bell, the Dow Jones Industrial Average lost 265 points to 35-491. The S&P 500 fell by 23 points to 45-51. The Nasdaq gained less than one point to finish at 15-235.