Dow dragged lower by Chevron, Merck; S&P 500, Nasdaq rally at the open on tech earnings

U.S. stock benchmarks opened mostly higher on Friday, supported by data showing the U.S. economy expanded at a solid 3% annual pace for a second straight quarter despite damages from two hurricanes. A strong spate of quarterly results from technology giants, Amazon.com Inc. and Microsoft Corp. , also helped lead the way higher. The Dow Jones Industrial Average , however, lagged behind the other equity gauges, down 29 points, or 0.1%, at 23,370, as shares of Chevron Corp. and Merck & Co. Inc. weighed on the price-weighted average. The Nasdaq Composite Index surged 72 points, or 1.1% at 6,632, while the S&P 500 index added 7 points, or 0.3%, at 2,567.

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From:: Stock Market News

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