Stock Market Today: Record Intraday Moves for S&P 500 on Apple, Pepsi Earnings

NEW YORK (TheStreet) -- U.S. stocks closed mixed Wednesday as investors digested earnings from some of the biggest market players including Apple (AAPL), PepsiCo (PEP) and Microsoft (MSFT).

Apple, the most heavily traded stock of the day, gained 2.6% to $97.19 after reporting third-quarter profit up 12% from a year earlier and revenue 6% higher to $37.4 million. 

PepsiCo shares popped 1.9% to $90.82 after the beverage and snacks giant booked stronger-than-forecast earnings and raised its full-year profit outlook.

Microsoft on Tuesday evening reported fiscal fourth-quarter earnings of 55 cents a share, 6 cents less than analysts' estimates, and revenue up 17.3% to $23.38 billion. Microsoft shares ended the session slightly higher, up 0.09% to $44.87.

Delta Air Lines (DAL) added 3.9% to $39.15 after reporting quarterly net income 17% higher to $801 million as passenger revenue increased 9.1% to $9.27 billion.

So far, 149 companies in the S&P 500 have reported earnings with 68.5% beating analysts' expectations.

The S&P 500 climbed by 0.18% to 1,987.01, skimming record highs set earlier in the day. The Nasdaq gained 0.4% to 4,473.70. The Dow Jones Industrial Average ticked 0.16% lower to 17,086.63.

Must Read: 

July 23 Premarket Briefing: 10 Things You Should Know

Stock Market Today: S&P 500 in Record-Marking Zone as Chipotle, Comcast Boost Profits

U.S. stocks moved back into record-making territory on Tuesday as positive earnings overshadowed continued unease in Eastern Europe and the Middle East. Boosting the index, Chipotle (CMG), Comcast (CMCSA) and Verizon (VZ) gained following better-than-expected earnings reports.

If you liked this article you might like

Forecast for S&P 500, Dow Industrials Remains Bullish, These Charts Show

Dow 20,000! It Should Mean Nothing to Investors, but Then Again...

Tradebird Investors Are Bullish on U.S. Stocks but Bearish on the Euro

Why Home Depot and Boeing Stock Fell Tuesday