The latest on developments in financial markets (All times local):
U.S. stocks are wavering between small gains and losses in midday trading, a day after closing at record highs.
Health care companies are gaining Thursday, but industrial companies are lower.
Sears jumped 15 percent after reaching a deal to sell appliances on Amazon.com.
Investors are focused on second-quarter results from large companies like American Express and Philip Morris. They’re also relieved that the European Central Bank didn’t announce any policy changes.
The Standard & Poor’s 500 index slipped less than 1 point to 2,473.
The Dow Jones industrial average lost 46 points, or 0.2 percent, to 21,594. The Nasdaq composite edged up 1 point to 6,386.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.24 percent.
Major U.S. stock indexes are inching further into record territory early Thursday, led by more gains in health care and technology companies.
It was a busy morning for company earnings reports Thursday. United Rentals rose 4 percent after reporting results that came in ahead of analysts’ forecasts.
Several companies were up after being included in the Standard & Poor’s 500 index. MGM Resorts rose 2.4 percent.
Investors were also relieved that the European Central Bank didn’t announce any policy changes.
The S&P 500 index was up 2 points, or 0.1 percent, to 2,475.
The Dow Jones industrial average was up 2 points, less than 0.1 percent, to 21,641. The Nasdaq composite gained 6 points, or 0.1 percent, to 6,391.