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. Microsoft also announced results that beat forecasts. So far, with less than a fourth of U.S.-listed companies reporting their quarterly financial performance, results have been coming in better than expected. Unlike last week, investors were less focused on turmoil in Israel and Ukraine. However, market strategists say that with markets trading at all-time highs, any bad news could weigh on U.S. stocks.