Technology companies lead stocks higher in midday trade

Boeing accounted for 94% of the Dow index's rise today

The Dow Jones Industrial Average clawed back a small gain at Thursday's close as the tug of war between buyers and sellers was magnified by rapidly rising bond yields with mixed manufacturing data and quarterly results.

Stocks moved higher in midday trading after several big US companies reported strong quarterly results.

The S&P 500 saw a 5.6% January rise, however.

NASDAQ measures a number of indices reflecting the reaction of USA's high tech markets and business environments on the country's political and economic developments which have an impact on high tech markets.

One bright spot was Amazon.com, which rose 6 per cent after the online retailer reported a record profit of near $US2 billion ($A2.8 billion), helped by a rise in sales and tax law changes. The Nasdaq composite climbed 0.1 percent to 7,411.48.

Trump's lawyers argue Mueller has not met threshold for presidential interview
Trump demanded that he not recuse himself, but after he did, he attacked Sessions, obvious pressure for him to resign. But perhaps the most damaging aspect of this report is how casually and openly Trump is plotting his obstruction.

Healthcare stocks continued to weigh on the three major United States indexes following a report on Tuesday that Amazon.com (AMZN.O), Berkshire Hathaway (BRKa.N) and JP Morgan Chase (JPM.N) were joining forces to cut healthcare costs for its United States employees. The S&P 600 Index closed at 959.39 for a loss of -5.22 points or -0.54%. The S&P 500 Index closed at 2,823.81 for a gain of 1.38 points or 0.05%.

Eight of the 11 major S&P indexes were lower, with the materials index's 1.21 percent fall leading the decliners.

Facebook rose 3.5 percent after the company forecast rising ad sales, despite a dip in usage on the social media network. The stock's week-long decline stopped just short of 7% below a 176.34 buy point, avoiding the automatic sell rule, but leaving shares well below their 10-week moving average.

Xerox (XRX) trimmed its early gain to 2%, after reporting a healthy fourth-quarter and announcing that Japan's Fujifilm Holdings (FUJIY) would take a majority stake in the company, renaming the company Fuji Xerox.

OUTBID: PayPal slid 6.1 percent after eBay said it would move to a different payment processor.

Russian Olympians have doping bans overturned, Sochi results reinstated
The CAS required an even higher threshold on the necessary level of evidence than the Oswald Commission and former CAS decisions. On January 31, Putin said the IOC's decision to ban Russia from the Olympics amounted to an "outside attack" on Russian sports.

Advanced Micro Devices (AMD) jumped more than 3% after reporting an across-the-board fourth-quarter beat late Tuesday.

Volume on USA exchanges was 5.39 billion shares, compared to the 7.33 billion average for the full session over the last 20 trading days.

Bond prices fell. The yield on the 10-year Treasury climbed to 2.79 percent from 2.71 percent late Wednesday.

ENERGY: Benchmark U.S. crude fell 14 cents to $64.36 per barrel on the New York Mercantile Exchange. The euro strengthened to $1.2478 from $1.2410.

The Dow is down 430 points, or 1.6 per cent. London's FTSE 100 fell 0.4 percent.

Microsoft shakes off big tax hit as it beats expectations for Q2
This was largely driven by Office 365, which is finally taking off in a big way with subscriptions up an impressive 41 percent. Overall, Microsoft slightly beat analyst expectations by reporting revenue of $28.9 billion (roughly Rs. 1.84 lakh crores).

Analysts now see fourth-quarter earnings growth of 13.6 percent for the S&P 500, up from 12 percent on January 1. Hong Kong's Hang Seng index fell 0.8 percent.

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