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S&P 500 AT ALL-TIME HIGH

Jul 23, 2014, 20:37 IST

REUTERS/John Gress

The S&P 500 is at an all-time high.

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At it highest level, the S&P touched 1,989.23 this morning.

Stocks are mixed, with the Dow currently lagging the S&P 500 and the Nasdaq, but with a 5 point advance, the S&P 500 is making an all-time intraday high for the second straight day.

The Dow is down 2 points, the S&P 500 is up 5 points, and the Nasdaq is up 24 points.

The Dow is being weighed on by shares of Boeing, which were down about 2% after the jetmaker reported quarterly revenue that came in below expectations.

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In other earnings news, PepsiCo reported earnings that were better than expected, though CEO Indra Nooyi said the company is operating in a "challenging and volatile macro environment."

Dow Chemical reported earnings that beat expectations, and reported gains in each of its operating segments.

The S&P 500's biggest gainer is biotechnology company Biogen, which was up more than 10% after reporting revenue that grew 40% to $2.4 billion, topping expectations.

Also in the biotechnology space, Puma Biotechnology shares were up nearly 300% after the company last night reported positive results for its breast cancer treatment.

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