The Dow Jones Industrial Average rose 45.85 points, or 0.17%, to 26,833.95, the S&P 500 gained 8.53 points, or 0.28%, to 3,004.52 and the Nasdaq Composite added 15.50 points, or 0.19%, to 8,119.79. Advances in Apple Inc and Facebook Inc shares helped buoy the major indexes.
NEW YORK: U.S. stocks edged higher on Wednesday as investors shrugged off lackluster quarterly reports from industrial bellwethers Boeing Co and Caterpillar Inc, though a lower-than-expected revenue outlook from Texas Instruments Inc sent chipmakers' shares lower.
Shares of Boeing and Caterpillar rose more than 1% despite significant earnings misses from both companies. Boeing reported a 53% drop in quarterly profit but reaffirmed the timeline for its grounded 737 MAX's return to service. Caterpillar's Asian sales tumbled, but the company said tariffs stemming from the U.S.-China trade war would have a smaller impact on its business than previously forecast.
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