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U.S. stocks open mixed amid tech earnings, GDP figure

Xinhua, April 28, 2017 Adjust font size:

U.S. stocks opened mixed on Friday as investors were accessing a batch of quarterly earnings reports from tech giants and the country's economic growth data.

On the earnings front, a slew of tech companies reported first quarter earnings on Thursday after the closing bell.

Google's parent company Alphabet reported first-quarter revenue of 24.75 billion U.S. dollars, up 22 percent year on year. Shares of Alphabet rose nearly 4 percent in early trading.

Shares of Amazon rose more than 3 percent in early trading after the company reported diluted earnings per share of 1.48 dollars in the first quarter.

Intel reported earnings per share of 0.61 dollar, up 45 percent year on year. The company's first-quarter revenue stood at 14.8 billion dollars, up 8 percent compared to the same period last year.

Microsoft's first-quarter revenue stood at 22.1 billion dollars, while the company's net income reached 4.8 billion dollars.

On the economic front, the U.S. real gross domestic product increased at an annual rate of 0.7 percent in the first quarter, the weakest pace in three years, according to the "advance" estimate released by the Commerce Department.

Shortly after the opening bell, the Dow Jones Industrial Average was down 9.97 points, or 0.05 percent, to 20,991.36. The S&P 500 rose 2.09 points, or 0.09 percent, to 2,390.86. The Nasdaq Composite Index gained 22.52 points, or 0.37 percent, to 6,071.46. Endi