Boeing and PepsiCo Earnings Lift Stocks, Markets Open Higher

U.S. stocks edged higher at the open on Wednesday to new record levels pushed by strong earnings results from Boeing (BA) and PepsiCo (PEP). Boeing reported a jump in quarterly profit and lifted its full-year forecast. PepsiCo also gained after beating Wall Street's expectations and raising earnings guidance. News that two Ukranian jets were shot down near where the Malaysian airliner was shot down did little to rattle the market. This comes as the first bodies of victims from the crash begin to arrive in the Netherlands. The majority of victims were Dutch. At the same time, Secretary of State John Kerry is in Israel to push for a cease-fire in the Gaza conflict. More earnings expected after the closing bell on Wednesday include Facebook (FB) and AT&T (T).