US stocks open in the green as earnings drive stock moves: Nasdaq up 0.3%

US equities rose on Wednesday, with investors reacting to a new round of corporate earnings while digesting recent market weakness.

The S&P 500 gained 0.2 percent and the Nasdaq Composite advanced 0.3 percent.

The Dow Jones Industrial Average hovered around the flatline throughout the session.

The modest gains came a day after Wall Street registered another round of losses, with the S&P 500 logging its fifth decline in the past six sessions and the Dow extending its losing streak to a sixth drop in seven days.

The tech-heavy Nasdaq Composite had fallen nearly 0.7 percent on Tuesday, though small-cap stocks managed to outperform, with the Russell 2000 index climbing 0.6 percent.

Earnings results lead to sharp stock moves

Earnings releases remained a key driver of individual stock performance.

McDonald’s shares rose 2 percent after the company reported second-quarter results that beat expectations on both revenue and profit.

The fast-food giant also posted its strongest same-store sales growth in nearly two years.

Arista Networks was another standout performer, surging 14 percent following stronger-than-expected quarterly results.

In contrast, Snap plunged 20 percent after the social media company’s revenue missed analysts’ estimates.

Advanced Micro Devices also underperformed, dropping 5 percent after its adjusted earnings per share came in below projections.

Uber reported second-quarter revenue of $12.65 billion, surpassing analyst estimates of $12.46 billion, according to LSEG.

The figure reflects an 18% increase from $10.7 billion in the same quarter last year.

Net income rose to $1.36 billion, or 63 cents per share, compared to $1.02 billion, or 47 cents per share, in the year-ago period.

Gross bookings for the quarter grew 17% to $46.8 billion, while adjusted EBITDA reached $2.12 billion.

Trade tensions remain

Geopolitical concerns also lingered in the background, as US trade partners moved quickly to respond ahead of a looming tariff deadline.

President Donald Trump’s administration is set to implement new tariffs on Thursday, prompting last-minute diplomatic efforts.

The Swiss president flew to Washington in a bid to avert a proposed 39 percent tariff on Swiss exports.

At the same time, trade tensions with India have escalated, with Trump vowing to increase tariffs on Indian goods if negotiations fail to yield progress.

While earnings continue to offer short-term direction, broader market sentiment remains cautious.

The rebound on Wednesday helped steady indices after recent volatility, but uncertainty over trade policy and the trajectory of corporate performance continues to weigh on investor confidence.

With more earnings reports and potential trade developments expected in the coming days, markets may remain sensitive to both micro- and macro-level catalysts.