All three major US stock indexes were down, while the price of oil was up in late-morning trading Friday, as investors react to President Donald Trump's statement that he was extending the deadline before the US attacks Iranian energy sites.

In company news, Entergy's (ETR) Entergy Louisiana said Friday it has agreed to an expanded power supply contract with Meta Platforms (META) to support the tech giant's Northeast Louisiana computing facility. The updated deal is projected to generate $2 billion in savings for the utility's consumer base over a 20-year period, raising the total expected value of the partnership to $2.65 billion, Entergy Louisiana said. Separately, Meta said Thursday it is boosting its investment in an AI data center in El Paso, Texas, to over $10 billion. The tech giant said the data center will grow to 1 gigawatt of capacity. Entergy shares were up 7.4% around midday, while Meta shares were down 3.5%.

Shares of Burford Capital (BUR), which backed and funded litigation against Argentina over its nationalization of YPF, tumbled after a US appeals court reversed a ruling ordering the country to pay $16.1 billion to former shareholders of the oil company, according to media reports. Burford Capital shares were down 35%.

Super Micro Computer (SMCI) sold servers with restricted AI chips to four Chinese universities over the last year, including two linked to the People's Liberation Army, Reuters reported Friday, citing procurement data. Super Micro shares were down 0.4%.

Brookfield-owned (BN) Oaktree Capital management is satisfying all investor redemption requests for its $7.7 billion private credit fund without enforcing limitations, multiple news outlets reported Friday, citing a regulatory filing. Oaktree will allow clients to withdraw 8.5% of net assets, or $400 million, from the Oaktree Strategic Credit Fund, Bloomberg reported, citing the filing. Brookfield shares were down 0.8%.

Carnival (CCL, CUK) reported fiscal Q1 adjusted earnings Friday of $0.20 per diluted share, up from $0.13 a year earlier and above the FactSet consensus of $0.18. Fiscal Q1 revenue was $6.17 billion, up from $5.81 billion a year ago and above the FactSet consensus of $6.14 billion. For fiscal Q2, the company said it expects adjusted EPS of about $0.34, below the FactSet consensus of $0.37. For fiscal 2026, Carnival lowered its adjusted EPS guidance to about $2.21 from $2.48. Analysts polled by FactSet expect $2.33. Shares of Carnival and Carnival PLC were down 5.1% and 5.2%, respectively.

Argan (AGX) reported fiscal Q4 net income late Thursday of $3.47 per diluted share, up from $2.22 a year earlier and above the FactSet consensus of $1.98. Fiscal Q4 revenue was $262.1 million, up from $232.5 million a year ago and above the FactSet consensus of $255.3 million. Argan shares were up 37%.

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