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The S&P 500 was little changed on Friday after the index, along with the two other major averages, posted back-to-back gains on easing
geopolitical fears.
The Dow Jones Industrials toppled 266.27 points to 49,117.74, dragged by a 2% slide in Goldman Sachs
The much-broader index picked up 7.58 points to 6,920.05.
The NASDAQ raced ahead 100.62 points to 23,536.63.
The 30-stock Dow is down 0.5% on the week. The S&P 500 and NASDAQ are on track for their second negative week in a row, with the former down 0.4% and the latter lower by 0.1%.
Stocks began their rebound on Wednesday after President Donald Trump called off his threatened tariffs on the imports of eight European nations, set to start Feb.1.
The president’s move came after Trump announced that he and NATO Secretary General Mark Rutte reached a “framework of a future deal with respect to Greenland.”
Trump had also told reporters on Wednesday that “we have a concept of a deal” with the Arctic island. To be sure, Greenland Prime Minister Jens-Frederik Nielsen said on Thursday he doesn’t know what’s in the “framework” deal that Trump announced, and stressed that any such deal must respect Greenland’s sovereignty and territorial integrity.
Prices for the 10-year Treasury eked higher, lowering yields to 4.25% Thursday’s 4.25%. Treasury prices and yields move in opposite directions.
Oil prices recovered $1.70 to $61.06 U.S. a barrel.
Gold prices leaped $35.80 to $4,949.20.
