U.S. Stocks Are Mixed As Tech Soars, Retail And Energy Sink

by MR Magazine Staff

Technology companies are jumping Friday morning as investors applaud third-quarter reports from big names including Microsoft, Intel, and Alphabet, Google’s parent company. Amazon is surging after the online retail giant also surpassed Wall Street’s expectations. Most other groups of stocks are lower as Exxon Mobil and Chevron lead energy companies lower and retailers are sinking after a weak outlook from J.C. Penney. The Standard & Poor’s 500 index rose 12 points, or 0.5 percent, to 2,573 as of 10:20 a.m. Eastern time. The index is on track to for a small loss this week after six straight weekly gains. The Dow Jones industrial average climbed 9 points to 23,410. The Nasdaq composite, which has a big concentration of technology companies, soared 103 points, or 1.6 percent, to 6,660. The Russell 2000 index of smaller-company stocks lost 2 points, or 0.2 percent, to 1,495. Most of the companies listed on the New York Stock Exchange traded lower. Read more at ABC News.