US open: Dow Jones on track for seventh straight losing session
Wall Street trading got off to a mixed start on Friday after the blue-chip Dow Jones turned in its sixth-consecutive losing session a day earlier.
As of 1500 GMT, the Dow Jones Industrial Average was down 0.09% at 43,874.71, while the S&P 500 advanced 0.26% to 6,067.06 and the Nasdaq Composite came out the gate 0.64% firmer at 20,029.26.
The Dow opened 39.41 points lower on Friday, extending losses recorded in the previous session after last month's producer price index came in hotter than expected.
On Friday's macro slate, US import prices rose more or less as expected last month on the back of dearer energy. According to the US Department of Labor, in seasonally adjusted terms, import prices edged up at a month-on-month pace of 0.1%. Economists had forecast a decline of 0.2%.
Export prices, on the other hand, were unchanged versus October, held back by a 0.4% drop in agricultural export prices.
In the corporate space, Broadcom shares were up more than 22% after the chipmaker topped Q4 adjusted earnings estimates overnight as AI revenues surged 220% year-on-year.
No major earnings were slated for release on Friday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Salesforce.Com Inc. (CRM) $362.92 1.37%
American Express Co. (AXP) $303.02 0.91%
Travelers Company Inc. (TRV) $246.02 0.88%
Boeing Co. (BA) $169.04 0.77%
Visa Inc. (V) $316.30 0.66%
Home Depot Inc. (HD) $416.32 0.46%
Apple Inc. (AAPL) $248.99 0.42%
Microsoft Corp. (MSFT) $451.23 0.37%
Walmart Inc. (WMT) $94.27 0.19%
International Business Machines Corporation (CDI) (IBM) $232.35 0.04%
Dow Jones - Fallers
Walgreens Boots Alliance, Inc. (WBA) $9.59 -1.44%
Dow Chemical Co. (DOW) $40.84 -1.07%
Amgen Inc. (AMGN) $272.31 -0.64%
Unitedhealth Group Inc. (UNH) $512.62 -0.61%
Nike Inc. (NKE) $77.54 -0.55%
Cisco Systems Inc. (CSCO) $58.56 -0.49%
JP Morgan Chase & Co. (JPM) $240.37 -0.48%
Verizon Communications Inc. (VZ) $41.88 -0.48%
Chevron Corp. (CVX) $154.01 -0.45%
Johnson & Johnson (JNJ) $145.63 -0.42%
S&P 500 - Risers
Broadcom Inc. (AVGO) $219.55 21.53%
Micron Technology Inc. (MU) $102.69 4.53%
Arista Networks Inc. (ANET) $111.29 4.13%
Progressive Corp. (PGR) $249.48 2.77%
Robert Half Inc. (RHI) $77.02 2.00%
Lam Research Corp. (LRCX) $77.03 1.91%
NRG Energy Inc. (NRG) $96.81 1.76%
KLA-Tencor Corp. (KLAC) $657.87 1.74%
Centene Corp. (CNC) $58.95 1.64%
General Mills Inc. (GIS) $67.07 1.49%
S&P 500 - Fallers
Entergy Corp. (ETR) $74.03 -50.07%
Lamb Weston Holdings, Inc. (LW) $71.12 -4.19%
Charter Communications Inc. (CHTR) $377.45 -2.83%
Under Armour Inc. Class A (UAA) $9.32 -2.82%
Gilead Sciences Inc. (GILD) $89.81 -2.78%
Under Armour, Inc. (UA) $8.46 -2.76%
CVS Health Corp (CVS) $48.37 -2.44%
Nucor Corp. (NUE) $128.29 -2.37%
Celanese Corp. (CE) $67.26 -2.31%
Western Union Co. (WU) $10.65 -2.25%
Nasdaq 100 - Risers
Broadcom Inc. (AVGO) $218.09 20.72%
Micron Technology Inc. (MU) $102.50 4.53%
KLA-Tencor Corp. (KLAC) $661.79 2.35%
Lam Research Corp. (LRCX) $77.04 1.91%
Asml Holdings N.V. (ASML) $722.72 1.48%
Costco Wholesale Corp. (COST) $1,005.08 1.21%
Applied Materials Inc. (AMAT) $171.07 1.18%
Paypal Holdings Inc (PYPL) $89.92 0.92%
Wynn Resorts Ltd. (WYNN) $94.31 0.90%
Tesla Inc (TSLA) $422.50 0.69%
Nasdaq 100 - Fallers
Trip.com Group Limited (TCOM) $71.96 -2.87%
JD.com, Inc. (JD) $37.07 -2.73%
Mercadolibre Inc. (MELI) $1,824.85 -2.45%
Charter Communications Inc. (CHTR) $378.99 -2.44%
Gilead Sciences Inc. (GILD) $90.16 -2.40%
Qurate Retail Inc. (QRTEA) $0.35 -2.08%
Biogen Inc (BIIB) $152.71 -1.69%
Sirius XM Holdings Inc (SIRI) $24.42 -1.56%
NetEase Inc. Ads (NTES) $94.82 -1.52%
Walgreens Boots Alliance, Inc. (WBA) $9.59 -1.45%