USA's third-quarter annualized economic growth rate was 2.8%, lower than market expectations, while the latest employment data shows a stronger labor market than expected. At the same time, the market digested a large amount of corporate performance and waited for the latest earnings of large-cap technology stocks after the market closed. U.S. stocks showed a flat performance on Wednesday. The Dow rose more than 120 points or 0.3% in the early session, the S&P 500 index rose 2 points, and the Nasdaq fell 0.3 points.

Investors focused on trading performance stocks. Alphabet (GOOG.US) reported strong growth in cloud business quarterly revenue in the last quarter, exceeding expectations, with the stock rising about 6%. Chip maker AMD (AMD.US) fell nearly 9%, with the company expecting fourth-quarter revenue of $7.5 billion to meet expectations. Social media Snap (SNAP.US) rose over 11%, with earnings in the last quarter exceeding expectations, and announced a $0.5 billion share buyback plan. Social platform Reddit (RDDT.US) soared about 36%, hitting a 52-week high, recording an unexpected net profit in the third quarter.

Meta (META.US) and Microsoft (MSFT.US) will announce earnings after Wednesday's market close, while Apple (AAPL.US) and Amazon (AMZN.US) will announce on Thursday.

Eli Lilly and Co (LLY.US) missed third-quarter expectations and lowered full-year guidance, causing the stock price to drop by over 12%. Construction equipment stock Caterpillar (CAT.US) reported lower-than-expected third-quarter earnings, leading to a drop of over 4%.

Super Micro Computer (SMCI.US) announced that auditor Ernst & Young has resigned, causing the stock price to plummet by over 30%.