Stocks Waver on Wall Street, Near Recor01/16 10:03

   Stocks wavered in morning trading on Wall Street Friday as the first week of 
corporate earnings season closes out with markets trading near record levels.

   NEW YORK (AP) -- Stocks wavered in morning trading on Wall Street Friday as 
the first week of corporate earnings season closes out with markets trading 
near record levels.

   The S&P 500 rose 0.1%. The Dow Jones Industrial Average fell 83 points, or 
0.2%, as of 10:07 a.m. Eastern. The Nasdaq composite rose 0.2%.

   Technology stocks were doing the heavy lifting for the broader market. Most 
stocks within the S&P 500 were losing ground, but several big technology stocks 
made strong gains and countered losses elsewhere.

   Nvidia rose 1.3% and Broadcom rose 1.8%. They are among several Big Tech 
companies with outsized valuations that often push the market higher or lower.

   A handful of regional U.S. banks reported their earnings following mixed 
reports from their larger peers. Pittsburgh's PNC jumped 3.8% after it beat 
Wall Street's fourth-quarter targets, but Regions Financial fell 2.9% after 
reporting results that missed forecasts.

   Outside of the banking sector, transport company J.B. Hunt Transport 
Services fell 1.5% after reporting mixed quarterly financial results.

   Crude oil prices rose after dropping sharply on Thursday. The price of U.S. 
crude oil rose 1% to $59.76 and the price of Brent crude, the international 
standard, rose 1% to $64.39.

   Treasury yields moved higher in the bond market. The yield on the 10-year 
Treasury rose to 4.19% from 4.17% late Thursday.

   European markets fell, and markets in Asia were mixed. Taiwan's benchmark 
index rose 1.9% after its government signed a trade deal with the U.S. China, 
which claims the self-governed island as its own territory, protested the 
agreement.