Google's parent company and other tech stocks are weighing on a mixed Wall Street Wednesday as the focus swings back toward how much profit businesses are making. The S&P 500 rose 0.1% in afternoon trading.

Wall Street drifted higher as gains for most stocks outweighed drops for Alphabet and some other big-name companies following their latest earnings reports

Wall Street is mixed on Wednesday as attention swings back toward how much profits companies are making and away from President Donald Trump’s tariffs, at least temporarily.

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.