US equities closed slightly higher on Friday amid mixed quarterly reports and disappointing news from the Eurozone and China. Building expectations that the Fed will loosen its monetary policy also boosted US stocks. The S&P 500 traded 0.22% higher at 1,405.87. Eight out of nine industries advanced. The top-gainers were telecommunications and health care sectors. CenturyLink and Sprint Nextel rose by 0.58% and 2.50%. Among health care companies, DaVita and Intuitive Surgical climbed by 0.42% and 0.20%. Meanwhile, J.C. Penney added almost 6% after Ron Johnson, CEO, shared his ideas concerning company's restructuring. On the downside were consumer goods and services companies. CVS Caremark and H&R Block tumbled by 0.16% and 0.06%. Other loser was Chesapeake Energy that declined by 3.10% on news that the government started to investigate possible antitrust violations regarding Chesapeake's recent purchase of oil and gas property in Michigan.