US stocks closed fairly flat on Wednesday after a choppy day of trading, with some positive earnings reports providing support.

The Dow Jones Industrial Average rose 7.22 points (0.05%) to 13,986.52.

The S&P 500 rose 0.83 (0.05%) to 1,512.12, while the tech-rich Nasdaq Composite Index fell 3.10 (0.10%) to 3,168.48.

After opening lower, stocks recovered thanks to a string of earnings reports, which is “helping foster some of the resiliency”, said Charles Schwab & Co in a note.

Investors gave mixed reviews to acquisitions.

Both Liberty Global and Virgin Media dropped following the announcement that Liberty would acquire Virgin for $16 billion, in a deal that values Virgin at $23.3 billion. Liberty fell 2.7% while Virgin, which surged Tuesday on expectations of the announcement, lost 1.6%.

Biotechnology company Biogen Idec jumped 2.3% on news that it bought Irish partner Elan’s stake in multiple sclerosis drug Tysabri for $3.25 billion.

Dow component Walt Disney Company rose 0.4% after reporting earnings that bested expectations and announcing that it plans additional offerings in the popular Star Wars film series.

Time Warner picked up 4.1% after earnings were better than expected and the company announced plans to raise its dividend.

But CVS Caremark closed 0.9% lower despite topping estimates and raising its full-year profit outlook.

National Oilwell Varco closed lower for the fourth session in a row, this time falling by 2.4%. Some analysts have said the oil services company is fully valued and seems headed for a retreat.

Bond prices rose. The yield on the 10-year US Treasury fell to 1.97% from 2.02 per cent late Tuesday. The yield on the 30-year Treasury dropped to 3.18% from 3.22%.

Bond prices and yields move inversely.