iStock/Thinkstock(NEW YORK) — U.S. stocks closed mostly flat Friday while some individual stocks posted gains from good earnings reports.
The Dow fell 16.64 (-0.09 percent) to finish at 18,145.71.
The Nasdaq jumped 15.57 (+0.30 percent) to close at 5,257.40, while the S&P 500 finished at 2,141.16, down 6.18 (-0.01 percent) from its open.
Crude oil gained less than 1 percent with prices hitting over $50 a barrel.
Time Warner: After news that AT&T was reportedly “in advanced talks” to buy Time Warner, the media conglomerate’s shares soared nearly 8 percent. According to a report from the Wall Street Journal, a deal could happen as early as this weekend and the new cable giant would rival Comcast Corp.’s purchase of NBCUniversal in 2011.
McDonald’s: All-day breakfast helped McDonald’s beat investors’ expectations in the third-quarter with global comparable sales increasing 3.5 percent. In the quarter three report, McDonald’s CEO Steve Easterbrook said the burger chain was “evolving the McDonald’s experience to provide more high quality, affordable food and beverage options and convenient solutions for customers on the go.”
Copyright © 2016, ABC Radio. All rights reserved.