The major U.S. indexes finished mixed on Wednesday, despite all three hitting intraday records earlier in the day. The Dow and the S&P 500 closed in the green, but the Nasdaq finished in the red.
Groupon Inc. (GRMN) shares surged 5.6% after narrowly beating third-quarter profit estimates, but falling short on sales. Earnings of a penny a share came in higher than expectations for breakeven. Revenue decreased by 7.6% to $634.5 million, missing by $8.5 million.
Shares of Ford Motor Co. (F) rose after the automaker posted an increase in vehicle sales for the month of October. Total sales in the U.S. increased by 6.2%, largely driven by an increase in truck sales. The automaker's F-series truck saw sales rise by 15.9%.
General Electric Co. (GE) shares were in focus on Wednesday following a bearish note from JPMorgan, the second in just weeks. Analyst Stephen Tusa cut his December 2018 price target to $17 and maintained an underweight rating. For fiscal 2018, Tusa expects GE earnings of $1.05 to $1.15 a share.
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