The Dow Jones Industrial Average declined 65.27 points, or 0.3%, to finish at 20,663.22, led lower by shares of Exxon Mobil Corp. and DuPont. New York Fed President William Dudley reportedly said Friday that the Fed's forecast of two more interest rate hikes this year seems reasonable, though he cautioned that higher consumer and business confidence is not translating into hard data.
The Dow Jones Industrial Average rose 69.17 points, or 0.33 percent, to 20,728.49.
The S&P 500 Information Technology Sector has gained almost 12.5% since January, making it the best-performing sector over the past three months. The Nasdaq Composite rose 0.3% to 5,914.34, for its fifth-straight session of gains and 21st record close for the year. The Nasdaq was coming off its latest all-time high.
Despite the rally in stocks, the CBOE Volatility Index (VIX - 11.54) rose 0.1 point, or 1.1%. However, the blue-chip average, unlike the S&P 500 and the Nasdaq, will post a weekly decline at current levels. The Russell 2000 ended the quarter with a gain of 2.1 per cent, its fourth quarter of growth in a row. Meanwhile, an inflation gauge closely watched by the Federal Reserve increased 2.1 per cent in February compared to a year ago.
Schiff: GOP Intel Chair Nunes Should Recuse Himself From Russia Probe
Yates was sacked in January as acting attorney general after she refused to defend the Trump administration's first travel ban. He fired his national security adviser, Michael Flynn, last month for misrepresenting meetings with the Russian ambassador.
DASHED EXPECTATIONS: NantHealth slumped 10 percent after the health care information technology company reported disappointing fourth-quarter revenue.
-Yields on 10-year Treasuries climbed four basis points to 2.42 percent.
US -listed shares of Blackberry were up 13.8 percent at $7.91 after the company reported fourth-quarter profit above expectations and said it expected to be profitable on an adjusted basis in 2018.
The $4 million options trade on Lowe's stock.
Come look at intel material, White House tells House panel
He said he wants to know why the materials appeared to be directed through Nunes if they originated at the White House. Comey said he would not testify without a formal invite, a spokesman for Nunes told CNN.
Apple supplier Broadcom Ltd (NASDAQ:AVGO) is set to dip 0.9% at the bell, following reports the company is joining up with private-equity firm Silver Lake Partners to throw its hat in the ring with an $18 billion bid on Toshiba's chip unit, which has roughly 10 other interested parties. The stock climbed $5.45 to $17.40. Antitrust regulators in Europe wanted DuPont to make the sale as part of its combination with competitor Dow Chemical.
In corporate news, Lululemon Athletica shares plunged 23 percent after the Canadian yoga and leisure apparel retailer said first-quarter comparable sales were expected to fall. At its intraday peak, the Dow was up nearly 100 points, as economic data - including an upwardly revised reading on fourth-quarter gross domestic product ( GDP ) - impressed and bank stocks soared on a hawkish Fed. London's FTSE 100 is the biggest regional laggard - down 0.5%.
The energy sector rose for a third straight day, supported by stronger oil prices and an 7.6-percent gain for ConocoPhillips, the biggest percentage riser on the S&P 500 after its agreement to sell oil and gas assets.
SpaceX to launch first-ever used rocket to space
Most flight displays launch without any valuable payloads so that in the event of failure, the company doesn't lose more money. The rocket originally flew in April 2016 before landing successfully on an unmanned drone ship bobbing in the Atlantic Ocean.