The S&P 500 was relatively unchanged on Friday as Wall Street attempted to end the week on a high note.
The Dow Jones Industrials dumped 100.49 points to 49,341.95
The much-broader index subtracted 6.36 points to 6,938.11.
The NASDAQ weakened 27.62 points to 23,502.48.
Nvidia traded more than 1% higher along with Tesla. IBM and Honeywell also rose around 2%, keeping the Dow’s losses in check.
For the week, the S&P 500 was headed for a 0.3% decline, a was the 30-stock Dow. The NASDAQ was down 0.4% on the week.
The major averages are coming off a winning session thanks to gains in chip stocks. Taiwan Semiconductor led the advance after a blowout fourth-quarter report. Further, the U.S. and Taiwan reached a trade agreement in which Taiwanese chip and tech companies will invest at least $250 billion in production capacity in America.
Investors are preparing to close out a hectic week. They’ve been grappling with a slate of headlines out of Washington, running the gamut from heightened geopolitical risk in Iran and Greenland to worries over threats to the Federal Reserve’s independence.
Prices for the 10-year Treasury inched up, lowering yields to 4.19%, from Thursday’s 4.17%. Treasury prices and yields move in opposite directions.
Oil prices gained 57 cents to $59.76 U.S. a barrel.
Gold prices unloaded $28.90 to $4,639.
