Business

S&P 500 ekes out record high as earnings roll in

By Ken Sweet
Published July 23, 2014 9:32pm ET
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S&P 500 ekes out record high as earnings roll in
FILE - A sign for Wall Street is shown in this March 8, 2010 file photo near the New York Stock Exchange. Global stocks mostly rose Wednesday, July 23, 2014, bolstered by solid U.S. earnings and home sales as tensions between Russia and the West over Ukraine eased. (AP Photo/Mark Lennihan, File) | Mark Lennihan

NEW YORK (AP) — The stock market eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies.

Biotechnology stocks were among the largest gainers. Among big tech names, Apple’s earnings topped Wall Street expectations, helped by rising shipments of iPhones. Microsoft also announced results that beat forecasts.

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