Stocks came under pressure Friday afternoon, reversing early gains.
The Dow Jones Industrials eked higher 0.98 points to 31,494.32, for a gain on the week of nearly 36 points. The blue-chip index had jumped more than 150 points earlier in the session.
The S&P 500 demurred 7.26 points to 3,906.71, for a loss on the week of 28 points.
The NASDAQ Composite added 9.11 points to 13,874.46, for a tumble on a short week of 221 points, or 1.6%.
Though the major indexes traded higher for most of the morning, a combination of rising interest rates and profit taking in some of the market’s largest technology companies appeared to dampen optimism after noon.
Cyclical stocks posted some of the strongest gains with the industrials up 1.8%, materials and financials sectors each ahead 1.6%. Utilities and consumer staples stocks were among the biggest laggards.
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