Wall Street is drifting Wednesday as gains for most stocks outweigh drops for Alphabet and some other big-name companies following their latest profit reports. The S&P 500 was 0.2% higher in late trading.

Some calm is returning to Wall Street Tuesday, and U.S. stock indexes are making only modest moves in early trading after much of Europe and Asia rose earlier in the day.

Stocks on Wall Street edged higher Wednesday as the focus swings back toward how much profit businesses are making.

Calm returned to Wall Street Tuesday, and tech stocks led U.S. indexes higher following a strong profit report from Palantir Technologies, a darling benefiting from the artificial-intelligence boom. The S&P 500 rose 0.