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The open: Investors step back Add to ...

Investors took their foot off the gas Friday morning, pushing indexes modestly lower after a week in which most markets climbed steadily higher.

The Dow Jones industrial index slipped 0.35 per cent, or 31.97 points, to 9,037.32. A string of better-than-expected earnings reports and better economic readings has the index up more than 9 per cent in the last 30 days.

The broader S&P 500 slipped 0.51 per cent, or 4.99 points, to 971.30. In Toronto, the S&P/TSX slipped to a 0.06 loss, or 5.88 points 10,669.80 as oil held in around $67 (U.S.) a barrel.

With little new data Friday - aside from a report on U.S. consumer confidence later in the morning - investors focused on earnings. Microsoft, which posted weak results after the bell Thursday, fell 7.5 per cent at the open.

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