* Meta set to report after closing bell

* Boeing's Q1 revenue falls

* Tesla shares jump on promise of new models

* Indexes down: Dow 0.22%, S&P 0.19%, Nasdaq 0.15%

NEW YORK, April 24 (Reuters) - U.S. stocks edged lower in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.



of a record $70 billion worth of five-year U.S. Treasury notes on Wednesday helped to push bond yields higher and had weighed on equities. The benchmark 10-year Treasury note rose six basis points to 4.6603%.

Seven out of 11 S&P 500 were trading lower, with stocks in industrials, communications services and materials the biggest losers.

Investors were also focused on quarterly earnings from companies, especially from megacap growth stocks. Meta Platforms is the next Magnificent Seven stock to report earnings after the closing bell. Microsoft and Alphabet are scheduled to report their results later this week.

Tesla jumped nearly 11% after the electric vehicle maker's plans to boost production and roll out more affordable models overshadowed its weak quarterly results.

"My biggest concern is the bond market, particularly the long end of the U.S. yield curve," said Bill Strazzullo, chief market strategist at Bell Curve Trading in Boston.

"The next thing is earnings from Meta, Alphabet and Microsoft, that's a big part of the stock market, and the expectations are high," Strazzullo added.

By 2:33 p.m. ET (1833 GMT), the Dow Jones Industrial Average fell 82.97 points, or 0.22%, to 38,420.72, the S&P 500 lost 9.14 points, or 0.19%, to 5,061.41 and the Nasdaq Composite lost 22.14 points, or 0.15%, to 15,674.50.

Markets are eyeing first quarter gross domestic product data on Thursday and personal consumption expenditures (PCE) for March on Friday. Hotter-than-expected consumer price inflation report for March had pushed back expectations of when the Fed will begin cutting interest rates.

Shares of Boeing fell nearly 3% after the planemaker reported its first quarterly revenue drop in seven quarters, even though the result beat analyst expectations.

Solar inverter maker Enphase Energy lost 6.4% after projecting second-quarter revenue below analysts' estimates.

Texas Instruments climbed 5.4% after the chipmaker forecast second-quarter revenue above analysts' estimates. The Philadelphia Semiconductor Index rose 0.7% as most chip stocks rallied.

Drugmaker Biogen added 3.7% after it beat first-quarter profit expectations, while Boston Scientific rose 6% after the medical device maker raised its annual profit forecast.


climbed 11.5% after the toymaker reported a smaller-than-expected drop in first-quarter sales and handily beat profit estimates.

On the Nasdaq, 1,602 stocks rose and 2,500 fell as declining issues outnumbered advancers by a 1.56-to-1 ratio. The S&P 500 posted 10 new 52-week highs and four new lows while the Nasdaq recorded 47 new highs and 100 new lows.

(Reporting by Chibuike Oguh in New York; additional reporting by Shristi Achar A and Shashwat Chauhan in Bengaluru; Editing by Marguerita Choy)