Wall Street was mixed amid disappointing earnings from Ford Motor and better-than-expected results from Facebook.
Shares of Ford Motor sank, trading 9 percent weaker as of 2.41pm in New York, after the car maker posted disappointing results and warned that it "now sees risks challenging achieving guidance" for the full year.
"The US auto market is probably levelling out," David Whiston, an analyst for Morningstar in Chicago, who rates Ford the equivalent of a buy, told Bloomberg. "The risk is, when does all that all come crashing down. I'm not worried about it being imminent."
In 2.43pm trading in New York, the Dow Jones Industrial Average slipped 0.1 percent. The Nasdaq Composite Index added 0.3 percent. In 2.28pm trading, the Standard & Poor's 500 Index gained 0.1 percent.
In the Dow, declines in shares of Boeing and those of Caterpillar, down 2 percent and 1.6 percent respectively, outweighed gains in shares of Home Depot and those of Apple, recently each up 1 percent.