FILE - In this Oct. 2, 2014 file photo, people pass a Wall Street subway stop, in New York's Financial District. The major U.S. stock indexes were mostly lower in early trading Friday, April 28, 2017, as investors sized up the latest batch of company earnings.(AP Photo/Richard Drew, File)

US stock indexes veer lower; oil prices head higher

April 28, 2017 - 12:13 pm

The major U.S. stock indexes veered lower in midday 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 4 points, or 0.2 percent, to 2,383 as of noon Eastern time. The Dow Jones industrial average fell 35 points, or 0.2 percent, to 20,946. The Nasdaq composite rose 5 points, or 0.1 percent, to 6,043.

FEELING LUCKY: Shares in Google's parent company Alphabet gained 4.5 percent after the internet giant reported better-than-expected quarterly results thanks partly to a big jump in advertising revenue. The stock added $39.87 to $931.31.

DELIVERED: Amazon.com rose 1.8 percent after the online retailer posted solid first-quarter results. The stock picked up $16.92 to $935.30.

CRUISIN': Shares in two major cruise line operators headed higher. Royal Caribbean Cruises gained $9.41, or 9.4 percent, to $109.91, while Carnival rose $1.52, or 2.5 percent, to $62.50.

NOT FOR SALE: Magazine publisher Time Inc. plunged 18 percent after the company said it has decided not to sell itself. The stock shed $3.30 to $15.

OUT OF SYNC: Synchrony Financial slumped 15.2 percent after the lender's latest earnings fell well short of Wall Street's estimates. The stock was the biggest decliner in the S&P 500, sliding $5.03 to $28.02.

WEAK BREW: Starbucks fell 2.3 percent after the coffee chain's sales growth at established locations was weaker than expected. The company also posted fiscal second-quarter earnings that matched Wall Street's expectations. The stock shed $1.45 to $59.85.

MARKETS OVERSEAS: In Europe, Germany's DAX was up 0.1 percent, while France's CAC 40 was 0.1 percent higher. London's FTSE 100 index was down 0.2 percent. In Asia, indexes mostly fell. Tokyo's Nikkei 225 lost 0.3 percent, while Hong Kong's Hang Seng declined 0.3 percent. Seoul's Kospi shed 0.2 percent.

CURRENCIES: The eurozone inflation data pushed the euro up sharply as it raised speculation that the central bank may not keep its stimulus program in place as long as expected. It was up to $1.0899 from $1.0882 on Thursday. The dollar strengthened to 111.37 yen from 111.23 yen.

ENERGY: Benchmark U.S. crude was up 23 cents, or 0.5 percent, to $49.20 per barrel in New York. Brent crude, used to price international oils, was up 19 cents, or 0.4 percent, to $52.01 a barrel in London.

BOND YIELDS: Bond prices were little changed. The 10-year Treasury yield held steady at 2.30 percent.

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