The S&P 500 pulled back from record highs on Tuesday, while the Dow industrials edged up for an eighth straight day of gains, as investors digested mixed earnings reports amid lowered expectations for global economic growth.
Netflix's (NFLX.O) disappointing quarterly results weighed on the S&P 500 and the Nasdaq, while Johnson & Johnson's (JNJ.N) strong earnings and forecast helped prop up the Dow.
The Dow Jones industrial average .DJI rose 25.96 points, or 0.14 percent, to 18,559.01, setting another closing record. The Dow's eighth straight session of gains marked its longest winning streak since March 2013.
The S&P 500 .SPX lost 3.11 points, or 0.14 percent, to 2,163.78 and the Nasdaq Composite .IXIC dropped 19.41 points, or 0.38 percent, to 5,036.37.
Asian stocks stepped back early on Wednesday after a record run on Wall Street showed signs of petering out, while the dollar hovered near a four-month high against a basket of currencies.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.2 percent, putting some distance between a nine-month high struck late last week.
Reference: Reuters
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