The major U.S. stock indexes were mostly lower in morning trading Friday as investors sized up the latest batch of company earnings. Real estate stocks lagged the most, while energy companies led the gainers as the price of crude oil headed higher. Several technology companies were moving higher after reporting solid results.
KEEPING SCORE: The Standard & Poor’s 500 index slipped 2 points, or 0.1 percent, to 2,385 as of 10:48 a.m. Eastern time. The Dow Jones industrial average fell 24 points, or 0.1 percent, to 20,956. The Nasdaq composite rose 1 points, or 0.1 percent, to 6,050.
FEELING LUCKY: Shares in Google’s parent company Alphabet gained 3.7 percent after the internet giant reported better-than-expected quarterly results thanks partly to a big jump in advertising revenue. The stock added $32.97 to $924.41.
DELIVERED: Amazon.com rose 2.3 percent after the online retailer posted solid first-quarter results. The stock picked up $21.34 to $939.72.
NOT FOR SALE: Magazine publisher Time Inc. plunged 15 percent after the company said it has decided not to sell itself. The stock shed $2.75 to $15.55.