U.S. stocks were mixed on Tuesday, which was busy with earnings report. When the dust settled, the Dow Jones Industrial Average gained 0.4% and the S&P 500 added 0.3%, while the Nasdaq Composite lost 0.1%.
Telecom, utility, energy and financial names led the way higher, while consumer discretionary stocks lagged on the session. Elsewhere, the yield on the benchmark 10-year Treasury note gained 7.4 basis points, to 1.995%. The U.S. dollar index also fell 0.7%.
Twitter (TWTR) was a late earnings mover, as its quarterly results were accidentally released early, before the closing bell. The stock fell 18% on disappointing quarterly revenue and lower revenue guidance. Coach (COH) shares also fell 6%, as same-store sales declined more than expected.
Earnings season also tends to be busy for dividend news. International Business Machines (IBM), MetLife (MET), SunTrust (STI) and Wells Fargo (WFC) were among the names that boosted payouts Tuesday.
In after-hours action, Buffalo Wild Wings (BWLD) and Wynn Resorts (WYNN) were both down about 10%, after falling short of earnings expectations. Wynn also slashed its quarterly dividend by 67%.
GoPro (GPRO) was also down 4% on heavy volume, giving up gains from the regular session. The company exceeded consensus analyst estimates, but also announced the acquisition of virtual reality startup, Kolor.
Looking ahead to Wednesday morning, Hilton (HLT), Garmin (GRMN), Northrop Grumman (NOC), Starwood (HOT) and Time Warner (TWX) headline the earnings calendar. On the economic front, we'll get a look at weekly mortgage applications and the preliminary look at first-quarter GDP, before the opening bell. Finally, the Federal Reserve will release its monthly policy statement.