Stocks opened relatively flat on Friday morning following mixed earnings news and an upbeat reading on U.S. core inflation for March.
The Dow Jones industrial average fell 6 points to 12,279. The broader S&P 500 was unchanged, at 1314. In Canada, the S&P/TSX composite index fell 2 points, to 13,820.
Toy companies were strong after Mattel Inc. reported a 33 per cent dip in quarterly earnings that nonetheless matched analysts' expectations. Revenues topped forecasts, though. The shares rose 5.2 per cent and lifted Hasbro Inc. by 2.5 per cent.
Meanwhile, Bank of America Corp. rose 0.7 per cent. Its quarterly earnings fell shy of expectations but the shares moved higher on news that it had settled a dispute related to mortgage securities. JPMorgan Chase & Co. also rose 0.7 per cent.
Energy stocks were mixed after the price of crude oil fell to $107.78 (U.S.) a barrel, down 33 cents. Suncor Energy Inc. fell 0.1 per cent but Canadian Natural Resources Ltd. rose 1.3 per cent. Barrick Gold Corp. rose 0.3 per cent after the price of gold rose to $1476 an ounce, up $4.Report Typo/Error