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U.S. equities mostly fell on Friday, pressured by mixed quarterly reports and a rising dollar, as investors set their sights on commentary from two key Federal Reserve officials.
The Dow Jones Industrials moved lower 98.34 points to 18,064.01, with 3M and Travelers Companies contributing the most losses, offsetting gains from McDonalds and Microsoft.
The S&P 500 dropped 7.72 points to 2,133.62, after opening marginally higher, with energy and telecoms falling 1% to lead decliners.
The NASDAQ composite index slipped 1.58 points to 5,240.25
Dow component General Electric reported mixed results Friday before the open, beating estimates on earnings but missing on revenues. The industrial giant also narrowed its 2016 earnings per share guidance.
Meanwhile, Microsoft, another Dow component, posted better-than-expected results across the board on Thursday.
In all, data collected during earnings season reveals that 80% of the 116 S&P components that had reported as of Friday morning had beaten Wall Street's earnings estimates, while 65% had beaten revenue estimates.
Prices for the 10-year Treasury inched ahead, lowering yields to 1.74% from Thursday’s 1.75%. Treasury prices and yields move in opposite directions.
Oil prices lost 22 cents at $50.41 U.S. a barrel
Gold prices eased 50 cents to $1,267.00 U.S. an ounce.
