© Reuters.
By Liz Moyer
Investing.com — U.S. stocks were wobbling early on Friday as mixed earnings reports weighed on sentiment.
At 10:03 ET (14:03 GMT), the was down 56 points, or 0.2%, while the was down 0.3% and the was down 0.6%.
Procter & Gamble Company (NYSE:) shares rose 5.6% after the consumer product giant raised its full-year outlook. Higher prices are boosting results. HCA Holdings Inc (NYSE:) shares rose 6% to a new 52-week high after it also raised its 2023 forecast.
Officials from the Federal Reserve threw support behind another quarter of a percentage point increase in when it meets in early May. Most futures traders are betting on that hike, while also expecting the Fed to pause and perhaps cut rates later this year.
The was stronger than expected, at 53.5 versus expectations for 52.8. Both and were stronger than expected.
Stocks have wobbled all week amid mixed earnings reports. Treasury yields are falling after economic data showed an increase in new .
Oilfield services company Schlumberger NV (NYSE:) fell 3.8% despite for profit and revenue, though cash flow was lower than expected. Mining firm Freeport-McMoran Copper & Gold Inc (NYSE:) fell 4.4% after a drop in first-quarter profit because of lower production.
Oil was rising. were up 0.6% to $77.81 a barrel, while were up 0.5% to $81.56 a barrel. were down 1.7% to $1,984.
