The first big batch of US profit reports for the summer has Wall Street mixed

The first big batch of summertime profit reports from U.S. companies is making waves on Wall Street after topping analysts’ expectations, but many are canceling each other out. That’s leaving stock indexes relatively static and near their records on Tuesday. The S&P 500 was mostly unchanged and hovered below its all-time high set last week. The Dow Jones Industrial Average dipped 174 points, and the Nasdaq composite fell 0.1%. Those modest moves, though, masked some big swings happening undernea