Stock market today: Wall Street wavers amid earnings updates

FILE – The New York Stock Exchange on Wednesday, June 29, 2022 in New York. (AP Photo/Julia Nikhinson, File)

NEW YORK (AP) — Wall Street is wavering Wednesday following some mixed earnings reports from big U.S. companies and another signal that inflation remains hot around the world. The S&P 500 was mostly unchanged in afternoon trading following a dip earlier. The Dow fell and the Nasdaq rose. High-growth and tech stocks are being hurt in part by higher yields in the bond market, which rose after a report showed U.K. inflation remains above 10%. Tesla is falling after announcing another round of price cut for its U.S. vehicles. Netflix dropped after reporting weaker revenue than expected.