Stocks ended Friday's session mixed, with the Dow and the S&P 500 falling while the Nasdaq pared some of Thursday's losses, as market participants reacted to the Federal Reserve's latest decision to not extend pandemic-era rule that relaxed the amount that capital banks needed to maintain against Treasury bonds. The rule will expire at the end of the month.
Meanwhile, the 10-year U.S. Treasury yield gained following the Fed's decision to 1.73% and settled lower as it rests around 14-month highs.
For the week, the Dow and S&P 500 declined 0.5% and 0.8%, respectively, both breaking their two-week gains streak. The Nasdaq also settled lower for the week by 0.8% as the tech-heavy index was pulled down by volatility in mega-caps.
Here's how the market settled to close out the week:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
For Stocks, Visa
For Sector Performance, sectors on the S&P 500 ended mixed on Friday, with Communication Services
For Commodities and Currency, the U.S. Dollar
For the week ahead, investors will focus on Fed Chair Jerome Powell's and Treasury Secretary Janet Yellen's congressional testimony next week on coronavirus relief efforts and the economy as well as fresh data that will point to the rate of U.S. inflation.