Stocks drift mostly higher as US corporate earnings come in mixed; Boeing falls

The Associated Press
July 23, 2014 01:08 PM

NEW YORK, N.Y. - U.S. stock indexes edged mostly higher as traders looked over a mixed batch of corporate earnings.

The meagre gains were enough to mark another high close for the Standard & Poor's 500 index.

The S&P 500 edged up three points, or 0.2 per cent, to 1,987. That was two points higher than its last record close reached on July 3.

The Dow Jones industrial average fell 26 points, or 0.2 per cent, to 17,086. The Nasdaq composite rose 17 points, or 0.4 per cent, to 4,473.

Boeing fell 2 per cent, the most in the Dow, after reporting disappointing revenue. Apple rose 3 per cent after reporting big gains in iPhone sales.

Bond prices were little changed. The yield on the 10-year Treasury note held steady at 2.47 per cent.


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