Positive momentum in the stock market caused Wall Street in the United States (US) to show no significant reaction on Wednesday, with investors not seen making any drastic decisions at this time.
Despite concerns about Donald Trump's trade policy and the Federal Reserve's (Fed) warning of a possible interest rate hike, it did not seem to be a concern for investors.
However, the market remained stable, in part due to the possibility of an end to the war between Russia and Ukraine.
European markets are expected to receive a positive impact if the war ends, as stability in the region will increase business confidence.
Turning to the earnings report, despite the better-than-expected earnings report, Arista Networks shares still fell by 5%. This situation may have been driven by investors expecting stronger results or having concerns about future performance.
Bumble shares also plunged 17% as the company's outlook for the next quarter was weaker than expected, leaving investors worried about future growth.
On Tuesday, the S&P 500 rose 0.24%, the Dow rose 0.02%, while the Nasdaq added 0.07%.
Investor confidence in oil-related sectors, natural resources and essential services such as electricity and water supported most sectors in the S&P 500 to finish higher, with energy, materials and utilities seeing the biggest gains.
