Wall Street treads water as chip stocks, Nike fall

FAN Editor
Traders work on the floor at the NYSE in New York
A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan McDermid

October 23, 2019

By April Joyner

NEW YORK (Reuters) – U.S. stocks edged higher on Wednesday as investors looked past lackluster quarterly reports from industrial bellwethers Boeing Co <BA.N> and Caterpillar Inc <CAT.N>, though a lower-than-expected revenue outlook from Texas Instruments Inc <TXN.O> sent chipmakers’ shares lower.

The Dow Jones Industrial Average <.DJI> rose 44.87 points, or 0.17%, to 26,832.97, the S&P 500 <.SPX> gained 8.52 points, or 0.28%, to 3,004.51 and the Nasdaq Composite <.IXIC> added 15.50 points, or 0.19%, to 8,119.79.

(Reporting by April Joyner; Editing by Sandra Maler)

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