S&P 500 hovers below record highs on mixed earnings
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(Reuters) - U.S. stocks hovered below their all-time highs on Wednesday, as investors digested a mixed batch of earnings reports and losses in energy stocks limited gains on the indexes.
The S&P 500 is 0.3% below its record high of 2,940.91 hit in late September. The index has rallied 17% this year, supported by a dovish Federal Reserve, hopes of a U.S.-China trade resolution and a largely upbeat earnings season.
The tech-heavy Nasdaq hit an all-time high of 8,139.55 earlier, helped by eBay Inc's upbeat earnings and a rally in shares of chipmakers.