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US stocks open mixed as ExxonMobil, Chevron profits dive

AFP

US stocks opened mixed Friday after ExxonMobil and Chevron profits slumped on falling crude oil prices, dragging down the Dow, as investors digested a slew of corporate earnings reports.

Five minutes into trade, the Dow Jones Industrial Average was down 3.94 points (0.02 percent) at 17,742.04.

The broad-market S&P 500 edged up 2.11 (0.10 percent) to 2,110.74, while the tech-rich Nasdaq Composite Index gained 8.76 (0.17 percent) at 5,137.55.

ExxonMobil lost 3.8 percent after reporting second-quarter earnings halved. Chevron fell 4.1 percent on a 90 percent drop in net income.