NEW YORK (AP) — The U.S. stock market is drifting near its record levels on Wednesday following mixed reactions to profit reports from Macy's , Marvell Technologies and other companies.

The S&P 500 edged down by 0.1% in morning trading but remains within 1% of its all-time high set in late October. The Dow Jones Industrial Average was up 85 points, or 0.2%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.3% lower.

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