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US stocks fluctuated in early trading as investors parsed through the latest corporate results while growing concern that Europe may lose access to Russian gas added to recession fears.
The Dow Jones Industrial Average dipped 92 points, or 0.29%. The S&P 500 was little changed, while the tech-heavy Nasdaq 100 posted modest gains. Netflix rose after it reported better-than-feared earnings late on Tuesday and said it expects to return to subscriber growth before the end of the year.
The streaming service provider was the first among big-tech firms to report quarterly results, raising hopes that they will perform well despite a rocky global economic backdrop.
Fresh uncertainties stemming from the conflict in Ukraine also weighed on sentiment as Russian forces shelled eastern and southern Ukraine, according to reports, after Washington said it saw signs Moscow was preparing to formally annex territory it has seized during nearly five months of war.
MORE TO COME…
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