Wall Street heads down as markets assess corporate results

US stock indices fell on Wednesday as investors assess the latest earnings results for the first quarter of 2024. 

Earlier data showed US durable goods orders rose 2.6% last month. 

Tesla reported its results yesterday, showing a steep decline in profits and earnings, however, investors reacted well to announcements of developing new and cheaper cars slated for 2025. 

On trading, Dow Jones fell 0.4%, or 144 points as of 16:24 GMT to 38,360, while the S&P 500 fell 0.4%, or 18 points to 5,052, as NASDAQ lost 0.3%, or 40 points to 15,656.