U.S. stock indexes are drifting lower on Friday after a discouraging report suggested U.S. consumers are bracing for higher inflation over the next year. The S&P 500 was 0.3% lower in morning trading,

US stocks mostly gain early Thursday as investors weigh earnings reports. Amazon results are due after the close and monthly jobs on Friday.

Global shares are trading mostly higher after a Wall Street rally that followed profit reports from major companies.

Wall Street drifted higher as gains for most stocks outweighed drops for Alphabet and some other big-name companies following their latest earnings reports

Stocks on Wall Street edged higher Wednesday as the focus swings back toward how much profit businesses are making.

Trading on Wall Street is mixed and subdued with the arrival of more quarterly financial reports from major corporations and new data on the U.S. jobs market due over the final two days of the week. Futures for the S&P 500 and Dow Jones industrials shifted between tiny gains and losses before the bell Thursday,