Stocks experienced a decline on Wednesday, with notable movements expected in the upcoming trading session. Apple reported a 5% increase over three months but fell nearly 4% in after-hours trading, while Microsoft and other tech stocks showed mixed performance. Ingersoll Rand and W.W. Grainger are set to report earnings, with Grainger being a standout performer in its sector.
The S&P 500 ended a three-day losing streak, buoyed by Tesla's nearly 22% surge, now just 4% from its July high. Energy stocks remain in focus, with Chevron's CEO highlighting the sector's critical role in the economy amid inflation concerns. Tapestry rose 14% post-bell, while Capri plummeted 47%. Upcoming restaurant reports from Starbucks and McDonald's are anticipated after recent declines.
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