Stocks pared losses on Friday as the biggest tech companies and market leaders — Amazon, Apple and Facebook — soared after posting stellar quarterly results.
The Dow Jones Industrial Average fell about 70 points as Caterpillar and Chevron led the declines. The 30-stock benchmark dropped 286 points at its low of the day. The S&P 500 last traded near the flat line, while the Nasdaq Composite gained 0.8% as Big Tech shares soared.
A few negative headlines weighed on the broader market despite the blowout numbers from major tech companies:
- Emergency unemployment benefits are set to expire Friday and Congress and the White House still seem far apart on an agreement...