Wall Street was moving without a clear trend on Wednesday, with investors unable to find any new catalysts to drive further gains in indexes that had recently returned to levels close to their all-time highs.

At the end of the morning, the Dow Jones was up 0.2% at 38,954.2 points, but the Nasdaq Composite was down 0.2% at 16,288.5 points.

US equity markets had already ended on insignificant scores yesterday, unable to amplify their gains despite the continued reflux of bond yields.

This morning, market participants seem to be struggling to find a clear direction after the contrasting quarterly accounts of several big names in technology.

Uber Technologies fell by more than 8% after reporting a net loss, group share, widened to $654 million for the first three months of the year.

Social media company Reddit fared better, gaining 2% after delivering a convincing performance in its first earnings release since going public.

None of the indicators on the morning's agenda were able to provide an outline of the state of the economy, and therefore of the Fed's future intentions.

Wholesale inventories continued to fall in March, dropping by 0.4%, according to figures released this morning by the Commerce Department.

Oil prices are back on the rise following the announcement of a marginal decline in crude oil inventories last week, with US light crude (WTI) advancing by 0.9% to $79.1.

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