MIXED EARNINGS: A mixed picture on earnings left major stock indexes pretty much where they started at the close Wednesday. The Standard & Poor's 500 index rose just 0.01 point.

WINNERS AND LOSERS: Procter & Gamble and AT&T fell heavily after their earnings reports disappointed investors. Yum Brands and General Dynamics soared after posting results that exceeded analysts' expectations.

DURABLE GOODS: Orders for long-lasting factory goods fell more than expected last month, adding to evidence that growth is slowing in the second quarter.