US stocks trade mixed

New York, Oct 22 (IANS) US stocks traded in a narrow range on Wednesday as <strong class=’StrictlyAutoTagBold’>Wall Street was digesting quarterly earnings <strong class=’StrictlyAutoTagBold’>reports from big companies.

At mid-day, the <strong class=’StrictlyAutoTagBold’>Dow Jones Industrial Average was up 69.05 points, or 0.40 percent, to 17,286.16, Xinhua reported.

The S&amp;P 500 rose 1.98 points, or 0. 10 percent, to 2,032.75. The Nasdaq Composite Index shed 1.98 points, or 0.04 percent, to 4,878.99.

With no major economic data due out on Wednesday, investors focused on the third-quarter earnings season, which reaches its peak as a raft of noted corporates report quarterly results this week.

Before Wednesday’s opening bell, Boeing reported third-quarter 2015 revenue increased nine <strong class=’StrictlyAutoTagBold’>percent to $25.8 billion on record commercial deliveries.

Core earnings per share for the quarter increased 18 <strong class=’StrictlyAutoTagBold’>percent to $2.52, reflecting strong performance across the company. Its shares jumped nearly 2.0 <strong class=’StrictlyAutoTagBold’>percent in the early trading.

General Motors (GM) reported earnings and revenue that beat <strong class=’StrictlyAutoTagBold’>Wall Street forecasts, as demand for trucks in North America remained strong. Its shares surged over five <strong class=’StrictlyAutoTagBold’>percent in the early trading.

The US car maker announced third-quarter 2015 net income to common stockholders of $1.4 billion or $0.84 per diluted share, compared to $1.4 billion or $0.81 dollar per diluted share a year ago.

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