Major indexes were mixed in late afternoon trading. The Dow Jones Industrial Average was off session highs and closed 0.3% higher Friday. Health and energy stocks led, while tech leaders fell.
The S&P 500 shed early gains and was down 0.1% at closing bell.
The Nasdaq lagged on Friday and broke support at its 50-day moving average with a decline of 0.6%.
Volume on the NYSE and the Nasdaq was lighter compared with the same time on Thursday.
The small-cap Russell 2000 rose slightly on Friday, finishing less than 0.1% higher.
The Innovator IBD 50 ETF fell 1%.
Crude oil rose nearly 1% to trade at $83.47 a barrel.
The yield on the benchmark 10-year Treasury note rose 8 basis points to 4.16% after fresh economic data raised fears of persistent inflation again.
The producer price index rose 0.3% in July after staying unchanged in June. It was also higher than consensus views of 0.2%, according to Econoday.
Dow Jones Stocks
Walmart rose after a price target upgrade from Credit Suisse to 180 from 170. Walmart will report earnings on Thursday. The stock is lifting off from a three-weeks-tight pattern that has a buy point of 160.94.
Among tech leaders in the Dow, Apple notched a small gain after falling in the morning. Microsoft fell, while Salesforce reversed and rose slightly. All three are below their 50-day lines.
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Stocks Moving Today
Outside the Dow Jones, Marathon Petroleum hit an all-time high and climbed above the upper reaches of a cup-base buy zone that goes up to 145.77, or 5% above the 138.83 buy point.
Soho House rose after earnings. Aslan Pharmaceuticals also ended higher. SHCO has rebounded off its 50-day line, but ASLN remains below it.
Several other health care stocks were earnings movers. Moleculin Biotech rose, but Biofrontera and Aeglea Bio Therapeutics fell after earnings.
In retail stocks, Target tried to reclaim its 50-day line with earnings due next week. Costco is near a buy point of 564.75. COST stock is on IBD Leaderboard.
Axon Enterprise rose for the third day in a row after an earnings gap-up.
Synopsys is in a cup with handle with an entry at 465.67. Earnings are due next week.
StoneCo is in a double-bottom base with an entry at 14.30 and with earnings due next week as well. Brazilian finance company StoneCo is a holding in Warren Buffett's Berkshire Hathaway.
Occidental Subsidiary Scores Win
On Friday, the Department of Energy awarded a $1.2 billion clean air project to 1PointFive, which is a subsidiary of Warren Buffett's Berkshire Hathaway holding Occidental Petroleum. OXY shares gained 3%.
Outside Dow Jones, UBS broke out above a buy point of 22.30 in the stock market today. The advance follows news late Thursday that it had ended a government-backed $10 billion loss-protection program for its Credit Suisse takeover.
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