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U.S. Stocks Trade Mixed as Dow Declines Over 150 Points
U.S. stock indexes showed mixed performance during midday trading on Friday, with the Dow Jones Industrial Average down more than 150 points. The NASDAQ and S&P 500 posted gains, driven by strength in information technology shares. Procter & Gamble reported third-quarter earnings and sales that exceeded analyst estimates.
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U.S. stocks traded mixed midway through the session on Friday, according to market data. In contrast, the NASDAQ Composite rose 1.45% to 24,793.34, and the S&P 500 gained 0.65% to 7,154.55.
technology shares led the market, increasing by 1.6% on Friday. Health care stocks lagged, declining by 1.3% during the same trading session.
Gamble reported third-quarter earnings of $1.59 per share, surpassing the analyst consensus estimate of $1.56 per share. The company also posted quarterly sales of $21.235 billion, which exceeded the consensus estimate of $20.516 billion. Intel shares rose 23% to $81.92 following the company's report of first-quarter financial results that beat expectations.
