NEW YORK – U.S. stocks are moving mostly lower in midday trading as investors assess corporate earnings.
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The Dow Jones industrial average fell 28 points, or 0.2 percent, to 16,886 as of midday Eastern time Friday.
The Standard & Poor's 500 index lost two points, or 0.1 percent, to 1,962. The Nasdaq composite rose four points, or 0.1 percent, to 4,400.
Fastenal, which makes industrial fasteners, fell 5 percent after reporting revenue that fell short of analysts' estimates.
The S&P 500 index is poised for its biggest weekly loss since April after closing out the previous week at a record high. It's down 1.2 percent so far this week.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.51 percent.