Stocks Mixed, S&P Closed at Record High

U.S. stocks ended mixed on Wednesday, but the S&P 500 closed at a record high. The Dow Jones Industrial Average fell 26.91 points, or 0.16%, to 17,086.63. The S&P 500 gained 3.48 points, or 0.18%, to 1,987.01.The Nasdaq Composite was up 17.68 points, or 0.40%, to 4,473.70.

Facebook Inc increased its revenue 61 percent in the second quarter, beating Wall Street’s target as the Internet company benefited from strong demand for its mobile advertising business. Overall revenue totaled $2.91 billion in the three months ended June 30, versus $1.81 billion in the year-ago period.

AT&T Inc. said its second-quarter earnings fell 7.2% on higher costs, though its wireless customer additions topped expectations. AT&T reported a profit of $3.5 billion, or 68 cents a share, down from $3.82 billion, or 71 cents a share, a year earlier. Revenue increased 1.6% to $32.6 billion.

General Motors Co. (GM) said Wednesday it is recalling another 717,950 vehicles to correct six safety issues. The biggest of the recalls covers 414,333 cars sold in the United States, model years 2010- 2012, to correct possible problems with a bolt that adjusts the height of the front seats.