Wall Street today: U.S. stocks are volatile. Boeing, American Express decline

U.S. stocks rose on Friday as investors weighed economic data and corporate earnings.

As of 11:35 a.m. ET, the Dow Jones Industrial Average fell 51.30 points, or 0.12%, to 44,513.77, the S&P 500 rose 0.78 points, or 0.01%, to 6,119.49, and the Nasdaq Composite Index 6.01. It fell by 0.03%. , 20,048.04.

The S&P 500 was hovering near all-time highs.

As of 10:16 a.m. ET, the Dow Jones Industrial Average was down 101.48 points, or 0.24%, at $44,459.53, the S&P 500 was down 3.62 points, or 0.06%, at $6,115.09, and the Nasdaq Composite Index was down 17.56 points, at $6,115.09. 0.09%). , 20,034.29.

The Dow Jones Industrial Average fell 31.3 points (0.07%) to $44,533.75. The S&P 500 rose 2.7 points, or 0.04%, to 6,121.43, and the Nasdaq Composite Index rose 33.4 points, or 0.17%, to 20,087.105.

Business activity slowed to a nine-month low in January due to upward price pressures, but companies reported hiring increases, according to an S&P Global research report.

According to a report, U.S. consumer sentiment fell in January for the first time in six months.

Investors’ attention is now focused on the US Federal Reserve’s monetary policy meeting next week.

In the bond market, the yield on 10-year government bonds remained at 4.65%.

winners and losers

Boeing shares fell 0.5% after the company warned of a fourth-quarter loss of about $4 billion.

American Express stock fell 2.7% even though the company reported a 12% increase in fourth-quarter profit.

Verizon shares rose 0.8% after the company announced better-than-expected quarterly subscriber growth.

Texas Instruments stock fell 6.2% even as the company reported a profit for the December quarter.

crude oil

Oil prices edged higher on Friday after U.S. President Donald Trump announced a sweeping plan to boost U.S. production and called on OPEC to move to lower oil prices.

Brent crude oil futures rose 59 cents, or 0.8%, to $78.88 a barrel by 14:11 Japan time, while U.S. West Texas Intermediate crude oil (WTI) rose 49 cents, or 0.7 cents, to $78.88 a barrel. %) to $75.11.

Bullion

Gold prices rose nearly 1% on Friday after President Trump’s calls for lower interest rates and uncertainty over trade policy.

Spot gold rose 0.9% to $2,776.97 an ounce at 1210 GMT, up 2.8% for the week. U.S. gold futures for February delivery rose 0.7% to $2,783.80 an ounce. Spot silver rose 1.4% to $30.88 an ounce.