U.S. equity markets slipped off record highs Friday morning as modest selling took hold in early trading.

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TickerSecurityLastChangeChange %I:DJIDOW JONES AVERAGES31394.23-36.47-0.12%SP500S&P 5003920.37+3.99+0.10%I:COMPNASDAQ COMPOSITE INDEX14041.092057+15.32+0.11%Powered by

The Dow Jones Industrial Average was trading lower by 21 points, or 0.07%, while the S&P 500 and the Nasdaq Composite were weaker by 0.21% and 0.4%, respectively.

All three of the major averages finished in record territory on Thursday and are on pace for modest weekly gains.

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TickerSecurityLastChangeChange %DISWALT DISNEY COMPANY188.32-2.73-1.43%Powered by

In stocks, Dow component Walt Disney Co. reported quarterly earnings and revenue that exceeded Wall Street estimates as its Disney+ streaming service added 21 million subscribers. Disney+ now has 94.9 million subscribers and the company believes it could reach 260 million users by 2024.

TickerSecurityLastChangeChange %EXPEEXPEDIA GROUP, INC.147.97-1.94-1.29%Powered by

Expedia Inc. said full-year revenue fell 57% year over year as the COVID-19 pandemic snarled demand for travel bookings. Both quarterly earnings and profit were below Wall Street estimates.

TickerSecurityLastChangeChange %BMBLBUMBLE INC79.89+9.58+13.63%Powered by

Meanwhile, Bumble Inc. was in focus a day after soaring 64% in its Nasdaq debut. Shares of the dating-app developer settled at $70.31 apiece on Thursday after pricing at $43 the prior evening.

TickerSecurityLastChangeChange %IIVIII-VI INC90.92-8.65-8.69%Powered by

In deals, optoelectronic component maker II-VI Inc. is planning a nearly $6.5 billion bid for laser manufacturer Coherent Inc., according to a report from The Wall Street Journal. The offer, which would pay a mix of cash and stock equating to $260 per share, greater than offers made by MKS Instruments Inc. and Lumentum Holdings Inc.

TickerSecurityLastChangeChange %XOMEXXON MOBIL CORPORATION50.34+0.54+1.07%CVXCHEVRON CORP.91.97+0.01+0.01%Powered by

Oil majors Chevron Corp. and ExxonMobil Corp. pulled back as West Texas Intermediate crude oil dipped 23 cents to $58.01 per barrel.

Elsewhere in commodities, gold lost $11 to $1,815.80 an ounce while silver ticked up 4 cents to $27.09 per barrel.

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European markets were mixed with Germany’s DAX 30 down 0.48% while Britain’s FTSE 100 and France’s CAC 40 were higher by 0.08% and 0.1%, respectively.

In Asia, Japan’s Nikkei 225 slipped 0.14%. China’s Shanghai Composite index and Hong Kong’s Hang Seng index were closed for the Chinese New Year.

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https://www.foxbusiness.com/markets/us-stocks-feb-12-2021

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