The S&P 500 and the Dow Jones indexes were higher on Wednesday after sliding for two straight sessions, while the Nasdaq remained muted as Netflix kicked off quarterly earnings for technology behemoths with a disappointing report.
The streaming service provider tumbled 7.1% as it reported slower subscriber growth in the first quarter after a pandemic boom.
Shares of mega-cap firms, including Apple Inc, Amazon.com Inc, Facebook Inc and Tesla Inc , fell between 0.3% and 1.8%.
"Netflix is weighing on the tech sector for sure this morning," said Dennis Dick, head of markets structure and a proprietary trader at Bright Trading LLC in Las Vegas.