Wall Street inches down amid focus on corporate results

US stock indexes fell on Wednesday as investors focused on corporate earnings and awaited key inflation data.

Netflix shares dropped sharply after the company reported weaker-than-expected revenue and profit for the third quarter, while markets turned their attention to Tesla’s earnings, due after the closing bell.

Traders are also awaiting crucial US inflation figures later this week for clues on the Federal Reserve’s next move, with most expectations pointing toward a rate cut at the Fed’s upcoming meeting next week.

As of 16:00 GMT, the Dow Jones Industrial Average declined 0.2% (down 95 points) to 46,829. The S&P 500 fell 0.2% (down 12 points) to 6,723, and the Nasdaq Composite dropped 0.4% (down 96 points) to 22,858.