Mixed earnings and price cuts weigh on stock market.
The stock market was slightly lower at midday on Wednesday, with investors focusing on earnings reports from major companies such as Netflix and Morgan Stanley. Nasdaq 100 stock Intuitive Surgical soared after beating earnings expectations, while payment processing firm Shift4 plunged, hurting the IBD 50 index. The 10-year Treasury yield rose to 3.63%. After the market close, IBM, Lam Research, and Steel Dynamics are among the notable companies reporting earnings.