Yahoo Finance US stocks open lower
US stocks opened in the red Friday, extending the previous day's sharp losses despite better-than-expected quarterly earnings from ExxonMobil and Amazon.
ExxonMobil reported first-quarter earnings dived 63 percent due to plunging oil prices, but earnings per share were better than expected. The Dow member's shares rose 1.6 percent.
Online giant Amazon jumped 10.1 percent after reporting a swing into profit from a year ago for the first quarter to $513 million, racking up a fourth consecutive profitable quarter.
About 10 minutes into trade, the Dow Jones Industrial Average was down 0.2 percent at 17,789.12.
The broad-based S&P 500 fell 0.2 percent to 2,072.50, while the tech-rich Nasdaq Composite Index was flat at 4,805.39.
Besides Amazon, online travel giant Expedia and LinkedIn, the professional online network, also beat earnings forecasts, Patrick O'Hare at Briefing.com noted.
"Notwithstanding their good reports, there hasn't been much of a halo effect for the broader market, which seems still to be getting over the shock of yesterday's late, and persistent, tide of selling interest," he said.
