News Column

US stocks drift higher following mixed earnings

July 23, 2014



NEW YORK (AP) U.S. stock indexes edged mostly higher as traders looked over a mixed batch of corporate earnings.

The meager 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 percent, 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 percent, to 17,086. The Nasdaq composite rose 17 points, or 0.4 percent, to 4,473.

Boeing fell 2 percent, the most in the Dow, after reporting disappointing revenue. Apple rose 3 percent 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 percent.


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Source: Associated Press


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