12:16 PM EDT, 08/09/2024 (MT Newswires) -- All three major US stock indexes were marginally lower around midday Friday after a volatile week of mixed corporate earnings and a wary economic environment.

In company news, e.l.f. Beauty (ELF) fell nearly 15% in recent trading activity after the company reported fiscal Q1 adjusted earnings of $1.10 per diluted share, unchanged from a year earlier. Net sales stood at $324.5 million, up from $216.3 million a year earlier.

JetBlue Airways ( JBLU ) is in talks to sell $1.5 billion of bonds that would yield about 9.5% to 10%, Bloomberg reported. It is also considering a $1.25 billion leveraged loan with a margin of 5 to 5.5 percentage points over the Secured Overnight Financing Rate, Bloomberg reported. The airline's shares were marginally higher.

Perrigo ( PRGO ) is voluntarily recalling 16,500 cans of store-brand Premium Infant Formula with iron milk-based powder due to elevated levels of vitamin D. The product was shipped to H-E-B Grocery in Texas and CVS Health ( CVS ) stores in Texas, Florida, and California. Perrigo ( PRGO ) shares were down 3.5%.

Expedia ( EXPE ) shares continued to rise Thursday of $3.51 per share, up from $2.89 a year earlier. Revenue was $3.56 billion, up from $3.36 billion a year earlier. The stock was up 10%.

Cisco Systems ( CSCO ) will eliminate thousands of jobs in a second workforce cut this year, Reuters reported. The layoffs could affect a similar or slightly higher number of people compared to the 4,000 employees terminated in February. Shares fell 1%.

Price: 160.59, Change: -27.36, Percent Change: -14.56