U.S. stocks close lower as Apple slumps

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US stock indexes opened flat on Friday, as strong earnings from industrials General Electric and Honeywell were offset by declines in technology stocks and oil price.

Health care stocks and consumer goods companies also declined.

The Russell 2000 is up 48.05 points, or 3.1 percent.

Following the release of the encouraging quarterly earnings, the company's shares jumped 3.93 percent to 14.54 USA dollars apiece on Friday.

The S&P 500 index rose 2.25 points, or 0.1 percent, to 2,708.64.

The Dow Jones Industrial Average on Friday was encountering intensifying selling pressure with less than an hour left of trading, with the blue chip gauge on the verge of giving up its weekly gain.

The Russell 2000 is up 34.05 points, or 2.2 percent.

Callon Petroleum Company (CPE) Sets 12-Month High at $14.30
About 36.52 million shares traded. 21 are the (NYSE:CPE)'s ratings reports on April 20, 2018 according to StockzIntelligence Inc. The investment professionals in our database now own: 209.89 million shares, down from 213.38 million shares in 2017Q3.

USA stocks veered broadly lower in midday trading, extending the market's modest losses from a day earlier.

Crude oil prices remained flat at over $68 per barrel.

The Russell 2000 index of smaller-company stocks picked up 3.76 points, or 0.2 percent, to 1,583.56. Most recently, the Dow was down about 270 points, or 1.1%, with the benchmark hanging on to a weekly advance of about 0.2%. Food and beverage companies, technology stocks and banks were laggards.

General Electric jumped 6.4 percent after reporting results that were better than analysts were expecting.

For the week, all three major indices posted moderate gains, with the Dow, the S&P 500 and the Nasdaq going up 0.4 percent, 0.5 percent and 0.6 percent, respectively.

The Treasury yield kept rising on Friday, with the 10-year Treasury note yield jumping above 2.94 percent in the morning session, which dampened investor sentiment.