NEW YORK, Jan. 22 (Xinhua) -- U.S. stocks closed mixed on Wednesday, as investors digested a batch of corporate earnings reports.

The Dow Jones Industrial Average was down 9.77 points, or 0.03 percent, to 29,186.27. The S&P 500 increased 0.96 point, or 0.03 percent, to 3,321.75. The Nasdaq Composite Index rose 12.96 points, or 0.14 percent, to 9,383.77.

IBM reported operating non-GAAP earnings per share of 4.71 U.S. dollars on revenue of 21.8 billion dollars, both topping Wall Street's expectations.

The company said it expects this year's operating non-GAAP earnings per share to reach at least 13.35 dollars.

"We ended 2019 on a strong note, returning to overall revenue growth in the quarter, led by accelerated cloud performance," said Ginni Rometty, IBM chairman, president and chief executive officer, in a statement.

Netflix reported fourth quarter U.S. and Canadian paid subscriber additions of 550,000, lower than market expectations. Its shares declined 3.58 percent at the close on Wednesday.

So far, more than 10 percent of S&P 500 companies have posted their latest quarterly results. Of those companies, 75 percent have posted better-than-forecast earnings, according to U.S. business news channel CNBC. Enditem

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