US stocks hold near their records in early trading
US stocks hold near their records in early trading
NEW YORK (AP) — Wall Street is hanging near its records following some better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies.
The S&P 500 was up 0.1% in early trading Thursday. The Dow Jones Industrial Average was up 81 points, and the Nasdaq composite added 0.1% to its record set the day before.
PepsiCo rose 7% after the beverage and snack giant’s second-quarter sales and profit topped Wall Street projections.
The world’s largest chipmaker, TSMC, reported huge increases in sales and profit from a year ago, sending its stock up 3.5%. Netflix reports after the closing bell.
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