Tech Lifts Nasdaq as Amazon Soars, But Broad Selloff Hits Dow on Ford Slump, Oil Giant Earnings

U.S. stocks were mixed on Friday, with tech outperforming after Amazon's earnings beat but the broader market fell amid disappointing results from Ford and oil giants.

The latest inflation data showed price increases steadying, which may convince the Fed to leave interest rates unchanged at its next meeting.

Ford stock dropped 10% on weak Q3 results and lowered guidance due to the UAW strike.

Energy giants Exxon and Chevron shares fell after reporting disappointing Q3 earnings on Friday.

The Dow fell 0.8% and the S&P 500 slipped 0.4% on Friday, extending losses for the week, while the Nasdaq rose 0.5% boosted by Amazon.