BUZZ-U.S. Stocks on the Move-Microsoft, Boeing, Puma Biotech, PepsiCo
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U.S. stocks inched up at the open on Wednesday, boosted by earnings from companies like Boeing, Pepsi and Microsoft, though conflicts in Ukraine and the Gaza Strip weighed on investor confidence. The Dow Jones industrial average was down 0.17 percent at 17,083.83, the S&P 500 was up 0.07 percent at 1,984.91 and the Nasdaq Composite was up 0.28 pct at 4,468.46.
** BOEING CO, $126.577, -2.44 pct
The aircraft maker reported a 52 percent increase in quarterly profit, helped by a rise in commercial aircraft deliveries, and raised its full-year earnings forecast, but missed Wall Street's revenue expectations.
** MICROSOFT CORP, $44.72, -0.25 pct
The world's largest software company said it aims to get its loss-making Nokia phone unit to break even within two years, helping its stock rise in after-hours trade.
Microsoft reported a 7 percent dip in quarterly profit on Tuesday, chiefly due to incorporating Nokia's struggling handset business.