U.S. stocks closed mostly higher on Tuesday, as investors remained cautious ahead of several prominent tech earnings as well as the Federal Reserve’s policy meeting. The Dow Jones Industrial Average added 13.08 points, or 0.07%, to 17,990.32. The S&P 500 was up 3.91 points, or 0.19%, to 2,091.70. The Nasdaq Composite was down 7.48 points, or 0.15%, to 4,888.31.
Twitter Inc. missed first-quarter revenue expectations and provided a downbeat outlook. Twitter reported a net loss of $79.7 million, or a loss of 12 cents per share, compared to a net loss of $162.4 million, or a loss of 25 cents per share in the year-earlier period.
AT&T Inc., the second-largest U.S. wireless carrier, posted first-quarter profit that exceeded analysts’ estimates. Earnings excluding some items were 72 cents a share, the Dallas-based company said in a statement Tuesday.
The American Petroleum Institute late Tuesday reported that crude supplies fell by 1.1 million barrels for the week ended April 22, according to sources who reviewed the report.
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