US Stocks Off to a Mixed Start Thursday08/06 09:41

   Stocks swayed in morning trading on Wall Street Thursday as a wide variety 
of companies reported their latest financial results.

   NEW YORK (AP) -- Stocks swayed in morning trading on Wall Street Thursday as 
a wide variety of companies reported their latest financial results.

   The S&P 500 rose 0.2% and is hovering around the record it set on Tuesday. 
The Dow Jones Industrial Average fell 21 points, or less than 0.1%, as of 9:53 
a.m. Eastern time, and is also hovering around its record. The Nasdaq composite 
rose 0.2%.

   Wall Street opened the week soaring higher and notching records, but has 
calmed over the last two days. Companies from a mix of sectors reported their 
latest financial results, adding to an already busy round of corporate earnings 
reports.

   Keurig Dr Pepper rose 1% after reporting earnings and revenue that came in 
ahead of what investors were expecting. Molson Coors rose 1% after also 
reporting encouraging financial results.

   On the losing end, Honeywell Aerospace fell 21% after turning in results 
that fell well short of forecasts. AppLovin slumped 19.6% after the digital ad 
company reported mixed financial results for its most recent quarter.

   Outside of earnings SpaceX rose 0.6%. More than 911 million SpaceX shares 
held by early investors and employees become eligible for sale on Thursday as a 
lockup period for the stock expires. That is more than double the shares that 
were initially offered to the public for sale during the initial public 
offering for Elon Musk's company. SpaceX initially soared above the share's 
$150 asking price, making Musk the world's first trillionaire. They have since 
tumbled about 25%, and were trading around $110.

   Oil prices gained ground as uncertainty remains over the U.S. war with Iran 
that has stifled the global flow of oil. The price of Brent crude, the 
international standard, rose 1.7% to $80.78.

   Iran has said that it is close to a deal with Oman to reopening the Strait 
of Hormuz. President Donald Trump has also previously said a deal is close, but 
the conflict has had many starts and stops over the last five months.

   The increase in oil prices has added more heat to inflation by raising the 
price of gasoline and raising costs for shipping.

   Treasury yields rose in the bond market. The yield on the 10-year Treasury 
rose to 4.64% from 4.63% late Wednesday.

   European markets were higher, and Asian markets closed mostly lower 
overnight.