Wall Street's major market averages were mixed in late-morning trading Friday as investors digested new consumer sentiment data amid a slew of corporate earnings.

The University of Michigan consumer sentiment index was revised upwards to a reading of 52.2 for April from the 50.8 print in the preliminary estimate, compared with expectations for a downward revision to 50.5 in a survey compiled by Bloomberg. That was still below the final reading of 57.0 in March.

In company news, Alphabet (GOOG, GOOGL) late Thursday reported higher Q1 net income and revenue, and announced a 5% increase in its quarterly dividend. Alphabet shares rose over 2% in recent Friday trading.

Intel (INTC) fell more than 7% in recent Friday trading after reporting lower Q1 adjusted earnings and revenue late Thursday.

AbbVie (ABBV) shares were up 1.9% after reporting higher Q1 adjusted earnings and net revenue and raising its 2025 adjusted diluted EPS guidance range.

Apple (AAPL) is preparing to manufacture nearly all iPhones sold in the US at Indian facilities by the end of 2026, the Financial Times reported Friday, citing unnamed sources familiar with the matter.

To meet the target, the company would scale up its Indian output to over 80 million units annually, doubling the previous year's total of about 40 million, multiple news outlets reported. The effort is part of Apple's broader supply chain diversification strategy, moving more operations outside China after past disruptions and policy-related risks, the outlets added.

The company did not immediately respond to MT Newswires' request for comment. Apple shares were down 0.6%.

Meta Platforms (META) is cutting more than 100 personnel in its Reality Labs virtual reality and wearable devices division, multiple news outlets reported, citing unnamed sources.

The layoffs impacted employees focused on creating experiences and hardware for Meta's Quest headsets, Bloomberg reported. Meta plans to merge duties to other duties within Reality Labs, the report said.

"Some teams within Oculus Studios are undergoing shifts in structure and roles that have impacted team size," a Meta company spokesperson said in an emailed statement. "These changes are meant to help Studios work more efficiently on future mixed reality experiences." The spokesperson added that "we remain committed to investing in mixed reality experiences including fitness and games."

Meta Platforms shares advanced 1.4%.

Price: 164.91, Change: +3.44, Percent Change: +2.13