Major US Indexes Mixed, Little Changed Ahead of Fed Minutes
Key Takeaways:
* US indexes traded with minimal movement on Wednesday ahead of the release of minutes from the Federal Reserve's January meeting.
* Bumble shares plunged due to a weaker-than-expected outlook and declining paying users.
* Garmin shares soared to a record high on positive earnings results and a bullish outlook.
Market Movers:
* S&P 500 (SPX): Marginally higher
* Dow Jones Industrial Average (DJIA): Slightly lower
* Nasdaq Composite (COMP): Edged lower
* Celanese (CE): Worst performer in S&P 500, citing business slowdown concerns
* Toll Brothers (TOL): Sharply declined on weaker demand outlook
* Bumble (BMBL): Plunged on weaker guidance and declining paid subscribers
* Garmin (GRMN): Surged to a record high on strong earnings and positive outlook
* Hims & Hers Health (HIMS): Gained after acquiring Trybe Labs and expanding into at-home blood testing
* Oil Futures: Rose
* Gold Prices: Declined
* 10-Year Treasury Note Yield: Little changed
* US Dollar: Advanced against euro and pound, weakened against yen
* Major Cryptocurrencies: Traded higher