The Nasdaq Composite was down 0.2%, the S&P 500 rose 0.2%, and the Dow Jones Industrial Average added 0.3% in late-morning trading on Friday after the core personal consumption expenditure price index increased by 0.2% in August, as expected and the same as in July.

Personal consumption expenditures were up 0.6%, above the 0.5% increase expected and following a 0.5% gain in the previous month. After adjustment for inflation, real PCE rose by 0.4%, the same as in July, compared with expectations for a 0.2% increase.

In company news, Amgen (AMGN) said it is planning to invest $650 million to expand its US manufacturing network. The investment is expected to generate almost 750 jobs and support increased drug production at the company's biologics manufacturing facility in Juncos, Puerto Rico, it added. Shares were down 0.3%.

Oracle (ORCL) slipped 1.7% after President Donald Trump signed an executive order advancing plans for American investors to acquire TikTok's US operations from China's ByteDance. Oracle, Silver Lake Management, and Abu Dhabi-based MGX are among those in talks to invest in the venture.

Alphabet's (GOOG, GOOGL) Google is likely to be hit with a second fine in the coming months under the European Union's Digital Markets Act. The fine is related to charges that Google favored its search engines such as Google Shopping, Google Flights and Google Hotels over rivals, Reuters reported, citing three people with direct knowledge of the matter. Shares were up 0.4%.

Accenture (ACN) climbed 2.8% in recent trading after it detailed its planned $865 million restructuring, which includes cutbacks of staff not sufficiently able to use artificial intelligence. The company said it launched a "six-month business optimization program" during its Q4.

Costco Wholesale (COST) was down 2.4% after the company reported fiscal Q4 net income of $5.87 per diluted share, up from $5.29 a year earlier. Analysts polled by FactSet expected $5.80. Revenue rose to $86.2 billion from $79.7 billion a year earlier. Analysts expected $86 billion.

Boeing (BA) is set to be allowed "limited delegation" to issue airworthiness certificates for some of its 737 Max and 787 jets, starting Monday, the US Federal Aviation Administration said Friday. The jet maker and the FAA will issue airworthiness certificates, that confirm the operational safety of aircraft, on alternating weeks, according to the regulator. Shares were up 3.8%.

Price: 247.29, Change: +0.72, Percent Change: +0.29