Wall Street Mixed as Dow Gains, Nasdaq Slips Amid Earnings Surge

The Nasdaq slipped while the Dow gained as investors debated potential interest rate cuts and digested a new round of quarterly results. Spotify and Eli Lilly's strong guidance boosted their shares, while housing stocks retreated amid fading hopes for a March rate cut. Fed officials Loretta Mester and Neel Kashkari expressed caution about cutting rates too soon, and stocks like Palantir, Spotify, Toyota, and Docusign trended in afternoon trading. Despite missing earnings expectations, Spotify's strong guidance and user growth drove a surge in its stock. Meanwhile, US stocks opened mostly higher as investors focused on earnings and Fed speakers.