The Dow Jones Industrial Average rose 7.22 points Wednesday, to close up 0.05% at 13,986.52. After two days of large moves, the benchmark had a very mixed day today, crossing zero 13 times. The Dow is down 0.17% this week.
The Standard & Poor’s 500 index was also up 0.05%, to close at 1,512.12. The Russell 2000 index, meanwhile, hit a new record close, up 0.34% to 911.29. The small-caps index is up 7.3% this year.
In postmarket moves, shares of our parent News Corp. (NWS) are down close to 2% after it (we?) reported improved quarterly profit but cut its full-year outlook:
[News Corp said] underperformance at several businesses including its Fox broadcast network would offset a gain in earnings in the most recent quarter.
The company said operating income for the current fiscal year, which runs through June, would now grow by “mid- to high single digit” percentages, down from “high single- to low double-digit” percentages it predicted in November.
IAC/InterActiveCorp (IACI) stock was down a fraction after it reported a 16% drop in profit and missed estimates. The stock has fallen 19% in the past six months.
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