Nasdaq powers rally, stocks rise for third straight session

Nasdaq powers rally, stocks rise for third straight session

U.S. stocks wavered Wednesday morning after reactions to weak earnings from Alphabet (GOOGL) and Microsoft (MSFT), raising concerns that slowing output could dent corporate profits in the coming months.

The technology-heavy Nasdaq Composite (^IXIC) plummeted by as much as 2% in early trading. Both the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) inched higher by 0.4% and 0.9%.

Stocks have rallied of late, posting three straight days of gains. The Nasdaq jumped 2.3% in Tuesday…


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