U.S. stocks edged mostly higher in early trading Friday, extending gains from the day before. Investors pored over the latest corporate earnings news. The price of oil rose.
KEEPING SCORE: The Dow Jones industrial average rose 19 points, or 0.1 percent, to 17,161 as of 10:07 a.m. Eastern time. The Standard & Poor’s 500 index rose three points, or 0.2 percent, to 2,026. The Nasdaq composite slipped two points, or 0.1 percent, to 4,867.
SURPASSED EXPECTATIONS: Industrial conglomerate General Electric reported a decline in third-quarter profit, but strong performances from its core units helped the company top Wall Street expectations. The stock added 43 cents, or 1.6 percent, to $28.47.
CRIMPED CASINO: Wynn Resorts slumped 4 percent after the casino operator said new gambling regulations in Macau continued to hurt its business. The stock fell $2.75 to $70.75.
ONLINE VIDEO PLAY: Shares in Alibaba rose 2 percent on news that the e-commerce giant has offered to buy up the rest of Chinese video streaming site Youku Tudou in a $3.6 billion deal. Alibaba gained $1.38 to $73.17.