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US stocks drift following mixed corporate earnings

  • Associated Press
  • July 23, 2014 - 11:00 AM

NEW YORK — Stocks are little changed in midday trading as traders look over a mixed batch of corporate earnings.

Boeing fell 2 percent Wednesday after its revenue fell short of what analysts were expecting.

Apple rose 3 percent after its earnings came in ahead of forecasts. Apple sold 13 percent more iPhones in the latest quarter than in the same period a year earlier.

The Standard & Poor's 500 index rose five points, or 0.3 percent, to 1,988 as of noon Eastern time.

The Dow Jones industrial average fell 11 points, or 0.1 percent, to 17,101. The Nasdaq composite rose 22 points, or 0.5 percent, to 4,478.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.46 percent.

© 2014 Star Tribune