U.S. stocks opened mixed on Friday as the latest read on growth pointed to an economy that continues to improve. The Dow Jones Industrial Average lately rose 5.00 points, or 0.03%, to 18,174.68. The S&P 500 slid 1.64 points, or 0.08%, to 2,131.40. The Nasdaq Composite fell 6.91 points, or 0.13%, to 5,209.07.
The U.S. economy grew in the third quarter at the fastest pace in two years. The government said gross domestic product, the official scorecard for the economy, expanded at a 2.9% annual clip from July through September.
Amazon.com (AMZN) reported weaker-than-anticipated 2016 third-quarter earnings results after the market close on Thursday. The Seattle-based e-commerce giant posted earnings of 52 cents per share, below analysts’ expected 78 cents per share. Revenue came in at $32.71 billion, beating projections of $32.69 billion.
Mastercard Inc. (MA) reported third-quarter earnings above Wall Street expectations. Net income for the quarter came in at $1.2 billion, or $1.08 per share, compared with $977 million, or 86 cents during the same period a year ago. Revenue hit $2.9 billion, compared with $2.5 billion a year ago.
Crude-oil futures were largely unchanged in early Asia trade Friday as investors wait for a meeting of oil producers this coming weekend for more hints on a proposed production cut deal. Light, sweet crude futures for delivery in December traded at $49.79 a barrel, up $0.07. December Brent crude rose $0.10 to $50.57 a barrel.
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