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Stocks waver as investors work through earnings

FILE - In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. Stock markets around the world edged lower Thursday, July 28, 2016, as investors digested an upbeat Fed assessment of the U.S. economy that raised the prospect of further rate hikes, while anticipating more stimulus from Japan. (AP Photo/Richard Drew, File)
FILE - In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. Stock markets around the world edged lower Thursday, July 28, 2016, as investors digested an upbeat Fed assessment of the U.S. economy that raised the prospect of further rate hikes, while anticipating more stimulus from Japan. (AP Photo/Richard Drew, File) FILE - In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. Stock markets around the world edged lower Thursday, July 28, 2016, as investors digested an upbeat Fed assessment of the U.S. economy that raised the prospect of further rate hikes, while anticipating more stimulus from Japan. (AP Photo/Richard Drew, File)

By Associated Press 3 min read

NEW YORK (AP) – Stocks continued to search for direction Thursday as investors worked through another batch of mixed company earnings, including results from Facebook, Ford and Whole Foods.

Investors are looking ahead to a meeting of the Bank of Japan tomorrow which is expected to result in an announcement of more stimulus for the world’s third-largest economy.

KEEPING SCORE: The Dow Jones industrial average lost 38 points, or 0.2 percent, to 18,434 as of 2:40 p.m. Eastern. The Standard & Poor’s 500 index rose less than a point to 2,168 and the Nasdaq composite rose eight points, or 0.2 percent, to 5,148.

LIKE: Facebook shares rose $1.42, or 1.1 percent, to $124.75. The social networking company reported earnings that more than doubled from a year earlier, topping analysts’ views, as well as a 15 percent rise in monthly users. However the shares had been much higher earlier in the session. Investors will get results from Google’s parent company, Alphabet, and Amazon after the market close Thursday.

JAPAN IN FOCUS: Investors are now hoping for new stimulus efforts from the Bank of Japan, which is expected to vote Friday on expanding monetary policy measures aimed at reviving sputtering growth in Asia’s second-biggest economy. Japanese Prime Minister Shinzo Abe has announced 28 trillion yen ($266 billion) in extra government spending to jumpstart growth, but details are uncertain.