Wall Street drifts near its all-time high as Marvell Technology jumps and Macy's sinks

NEW YORK (AP) — The U.S. stock market is drifting on Wednesday following mixed profit reports from companies, as Macy’s sinks but Marvell Technologies climbs.

The S&P 500 edged down by 0.1% in early trading but remains within 1% of its all-time high set in late October. The Dow Jones Industrial Average was up 32 points, or 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% lower.