Stocks End Mixed, S&P Extends Record

U.S. stocks ended mixed on Thursday, with thes&P 500 closing at an all-time high, as investors weighed earnings results. The Dow Jones Industrial Average was off 2.83 points, or 0.02%, to 17,083.80. The S&P 500 was up 0.97 point, or 0.05%, to 1,987.98, after setting a fresh intraday record. The Nasdaq Composite was down 1.59 points, or 0.04%, to 4,472.11.

Starbucks reported a higher quarterly profit Thursday as new food and drinks helped boost sales in the U.S. For the quarter, Starbucks Corp. earned $512.6 million, or 67 cents per share, a penny more than analysts expected. Revenue rose to $4.15 billion.

Amazon.com Inc. posted a massive sales bump but failed again to turn a profit, even as it has hinted at a growing resolve to boost margins. Amazon reported a loss of $126 million, or 27 cents a share, compared with a loss of $7 million loss, or 2 cents a share, a year earlier. Revenue rose to $19.34 billion from $15.7 billion in the earlier period.

Pandora Media (P) on Thursday reported a second-quarter net loss of $11.73 million, or 6 cents a share, compared with a loss of $6.9 million, or 4 cents a share, for the year-earlier period. Revenue rose to $218.89 million from $153.1 million.

Zillow Inc. (Z) is seeking to acquire rival Trulia Inc. (TRLA), people with knowledge of the matter said, in a move to combine the two most-visited U.S. real estate websites. Shares of both companies jumped.