S&P 500 Gains and Losses Today: Uber Stock Drops Following Unexpected Net Loss

Key TakeawaysThe S&P 500 was essentially flat on Wednesday, May 8, 2024, as Fed officials struck a cautious tone on rate cuts and more companies reported quarterly results.Uber shares sank after the ridesharing giant posted an unexpected net loss for the first quarter as investment revaluations weighed on profitability.Shares of electric power generator Vistra Corp. surged on their first day as a component of the S&P 500. Major U.S. equities indexes were mixed on Wednesday. The rally dating back to last wee ...