NEW YORK (CNNMoney)
Traders say it appears to be a relatively quiet trading day so far, as traders were glued to the latest events in Boston, which remains in lockdown mode as police hunt for a suspect in the Boston Marathon bombings.
Concerns about the health of the sector pushed down the Dow. Shares of IBM (IBM, Fortune 500) dropped more than 6% Friday following weak earnings. IBM has the biggest weighting in the Dow.
Yet the S&P 500 and the Nasdaq ticked higher in early trading.
Mixed bag of earnings reports: Investors had a slew of corporate earnings to digest after the bell Thursday and early Friday. Investors said these results paint a mixed picture of the health of corporate America.
McDonald's (MCD, Fortune 500) shares dropped after the Big Mac maker noted a decline in same-store sales.
Honeywell (HON, Fortune 500) reported an increase in first quarter earnings, pushing up its stock price by 1%.
General Electric (GE, Fortune 500) reported better-than-expected earnings and revenue, though the conglomerate ended the quarter with a big backlog of equipment and services. Shares fell more than 2%.
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While IBM fell drastically, other tech stocks fared better. Microsoft (MSFT, Fortune 500) got a big boost in its latest earnings report from strong Windows 8 sales, pushing up its stock 2%.
Google (GOOG, Fortune 500) earnings topped estimates, even as the search giant faces challenges with how to make money off mobile ads and its Motorola smartphone unit. The company's stock rose nearly 2% in premarket trading.
Chipolte's (CMG) share price rose 5% after reporting earnings on Thursday that showed increases in revenue, income and same-store sales.
Dell's (DELL, Fortune 500) stock fell more than 2% following reports that Blackstone (BX) dropped its bid to buy the computer company.
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Analysts expect earnings for S&P 500 companies to rise by 1.85%, according to S&P Capital IQ. So far, 91 S&P 500 companies have reported, with 64 beating forecasts, 19 missing and 8 coming in in line.
European markets moved higher in morning trading, led by the CAC 40 in Paris with a gain of 1.4%, while Asian markets also ended firmer. The Shanghai Composite closed up 2.1%, Hong Kong's Hang Seng up 2.3% and Japan's Nikkei up 0.7%.
The dollar fell against the euro and the pound, but edged higher versus the Japanese yen.
Oil and gold prices edged higher.
The price on the 10-year Treasury fell, pushing the yield up to 1.70%.
First Published: April 19, 2013: 9:52 AM ET
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