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,

Meanwhile, the spotlight remains on US corporate giants as they reveal their profit reports for the final quarter of 2024. Amazon, a titan on Wall Street, exceeded earnings expectations for the end of 2024 yet saw its shares dip by 2.2%. Investors seemed more concerned with the company's revenue forecast, which didn't meet analysts' predictions.

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

U.S. stocks are falling Friday after a discouraging report suggested U.S. consumers are bracing for much higher inflation, while a separate update gave a mixed picture of the U.S. job market.