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U.S. equities erased earlier losses on Friday after a report said Steve Bannon, one of President Donald Trump's top advisors, could be leaving the administration.
The Dow Jones Industrials made progress toward breakeven, climbing to within 2.25 points of positive territory to 21,748.48, after Axios reported that Bannon, an embattled advisor to Trump, could be on his way out.
Bannon has been walking on thin ice in the Trump administration lately. On Wednesday, Reuters reported that discord between Bannon and Lieutenant General H.R. McMaster is destabilizing Trump's group of top advisors.
The S&P 500 regained 4.21 points to 2,434.22 with utilities leading advancers.
The NASDAQ gained 22.35 points to 6,244.14.
The Dow and the S&P had fallen approximately 0.5% for the week entering Friday's session. The two indexes were also on track for their first two-week losing streak since May. The NASDAQ, meanwhile, was on track to post a four-week losing streak, its longest of the year.
Among those firms declaring earnings was Estee Lauder.
Prices for the benchmark 10-year Treasury note slid, raising yields to 2.2% from Thursday’s 2.19%. Treasury prices and yields move in opposite directions.
Oil prices gained 40 cents to $47.49 U.S. a barrel
Gold prices gained four dollars to $1,296.40 U.S. an ounce.
