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NEW YORK (CNNMoney)
It appears to be a relatively quiet day on Wall Street so far, as traders were glued to the latest events in Boston, which remains in lockdown mode as police hunt for a suspect in the Boston Marathon bombings.
Concerns about the health of the sector pushed down the Dow. Shares of IBM (IBM, Fortune 500) dropped more than 6% Friday following weak earnings. IBM has the biggest weighting in the Dow.
Yet the S&P 500 and the Nasdaq ticked higher.
Mixed bag of earnings reports: Some of the world's biggest companies handed investor big surprises, but no easy takeaways on the broader health of corporate America.
"No broader trend has emerged yet," said BTIG's chief market strategist Dan Greenhaus. "A lot of what we have seen is company specific."
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Take industrials. General Electric (GE, Fortune 500) spooked investors by noting its big backlog of equipment and services. its stock fell 4%.
Yet appliance maker Honeywell (HON, Fortune 500) reported an increase in first quarter earnings, pushing up its stock price by 3%.
And Big Macs are not so hot. McDonald's (MCD, Fortune 500) shares dropped after the hamburger maker noted a decline in same-store sales.
But Chipolte's (CMG) - one of hedge fund manager David Einhorn's least favorite stocks -- rose 5% after reporting earnings on Thursday that showed increases in revenue, income and same-store sales.
The contrasting reports continued in the tech sector. While IBM fell drastically, other tech stocks fared better. Microsoft (MSFT, Fortune 500) got a big boost in its latest earnings report from strong Windows 8 sales, pushing up its stock 4%.
Google (GOOG, Fortune 500) earnings topped estimates, even as the search giant faces challenges with how to make money off mobile ads and its Motorola smartphone unit. The company's stock rose nearly 2% .
Analysts expect earnings for S&P 500 companies to rise by 1.85% for the first quarter, according to S&P Capital IQ. But earnings season is far from over. So far, 91 S&P 500 companies have reported, with 64 beating forecasts, 19 missing and 8 coming in in line.
Apple finally rebounds? Shares of Apple (AAPL, Fortune 500), which have been in freefall lately, ticked slightly higher in mid-morning trding after hitting another new 52-week low earlier Friday.
Meanwhile, Dell's (DELL, Fortune 500) stock fell more than 3% following reports that Blackstone (BX) dropped its bid to buy the computer company.
Shares of PepsiCo (PEP, Fortune 500) and Mondelez (MDLZ) rose 2%. According to CNBC, activist investor Nelson Peltz has been raising his stake in PepsiCo and Mondelez. Analysts expect Peltz and his fund Trian will push for a merger between the two or a combination of some of their food and snack businesses.
SeaWorld (SEAS) debuted Friday with the amusement park operator's stock jumping nearly 15%.
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European markets were mixed in afternoon trading, led by the CAC 40 in Paris with a gain of 1%, while Asian markets also ended firmer. The Shanghai Composite closed up 2.1%, Hong Kong's Hang Seng up 2.3% and Japan's Nikkei up 0.7%.
The dollar fell against the euro and the pound, but edged higher versus the Japanese yen.
Oil and gold prices edged higher.
The price on the 10-year Treasury fell, pushing the yield up to 1.70%. 
First Published: April 19, 2013: 9:52 AM ET
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