Wall Street Live: S&P 500, Nasdaq rise, Dow Jones falls amid stronger earnings


US stock indices were mixed on Friday amid stronger earnings from more big US companies.

As of 10:05 AM Eastern time, the S&P 500 was 0.1% higher, the Dow Jones Industrial Average was down 0.2%, and the Nasdaq Composite was up 0.2%.

In the bond market, the yield on the 10-year Treasury sank to 4.43% from 4.47% late on Thursday. The 2-year Treasury yield dropped  to 3.87% from 3.91%.

Gainers and Losers

Netflix stock dropped 5.7% despite reporting a stronger quarterly profit.

Norfolk Southern shares jumped 3% after an AP report said it’s talking with Union Pacific about a merger to create the largest railroad in North America. Union Pacific’s stock fell 1%.

Stocks of Charles Schwab soared 3.1%, Regions Financial gained 4.5% and Comerica added 1.7% following their respective profit reports.

Chevron shares rose 0.5% after announcing completion of acquisition of Hess.

Bullion

Gold prices edged higher on Friday on a weaker US dollar and ongoing geopolitical and economic uncertainty.

Spot gold rose 0.5% to $3,353.80 per ounce, as of 0947 AM EDT (13:47 GMT). US gold futures were up 0.5% to $3,360.50.

Among other metals, spot platinum fell 0.7% to $1,448.03 per ounce, Palladium climbed 0.7% to $1,289.50, and silver added 0.5% to $38.31.



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