Ericsson jumped 4.1% to 89 kronor after the Sweden-based communications services provider reported net sales in the second-quarter ending in June climbed 11% to 60.7 billion kronor from 54.8 billion kronor in a year ago period.
The Nasdaq Composite hit an intraday record as tech stocks rallied.
The Dow Jones industrial average was down 62.33 points, or 0.34 percent, at 18,057.92 and the S&P 500 was down 1.84 points, or 0.09 percent, at 2,122.45. The Dow Jones Industrial Average fell 69.35 points, or 0.4 percent, to 18,050.90, weighed by declines in Boeing and Chevron.
“It looks like the equity market likes the Greek settlement”, said Ron Anari, the Jersey City, New Jersey-based senior vice president of trading at ICAP. “What is more likely is for the SPX to fail in making a new all-time high, or marginally make one, but then succumbing to a bout of selling”, wrote Jeffrey D.
Greek lawmakers passed reform measures demanded by creditors in exchange for negotiating a third bailout package.
The dollar was on track for its biggest weekly gain in two months on Friday as investors refocused on the chance of the rate hike. She continues her congressional testimony on Thursday.
Policy makers are watching for further improvement in the labour market. It was the lowest close in three months.
Separate data showed confidence among homebuilders held in July at the highest level since November 2005, indicating the residential real estate market may be picking up speed. Consumer prices index data matched expectations, while housing starts came in above forecasts.
Earnings season is also drawing more focus as investors sift for clues on the health of the world’s largest economy. Wall Street analysts praised Porat in notes following the report.
The USA dollar index is down 0.1% at 97.59. Shares climbed the most in nearly six months. The unit provides warehousing, delivery and customer support to Web merchants.
Building permits, an indicator of future housing demand, also surged up 7.4% to an annual rate of 1.343 million in June from the revised May rate of 1.125 million. Profit is expected to have fallen 2.9 percent, according to Thomson Reuters estimates. Profit in the unit increased 5% to $4.5 billion, boosted by an 8% sales increase in its power division that offset a 15% decline in its oil segment.
In London trading, FTSE 100 index fell 0.4% or 26.68 to 6,769.77 and in Frankfurt the DAX index decreased 0.5% or 57.17 to 11,659.59.
The technology index was the sole gainer among the 10 major S&P 500 indexes, up 1.75 percent, mostly because of Google. Banks in the benchmark extended a rally to a sixth day, the longest winning streak since December 2013.
In addition to tech companies, a host of banks including Morgan Stanley will report earnings next week, following results this week from many financial companies in the S&P 500, including Bank of America Corp, Citigroup and Goldman Sachs Group Inc. It has managed to consistently beat earnings forecasts in recent quarters, one quarter it has to slip up, surely?