The S&P 500 and NASDAQ Composite were little changed on Friday as Wall Street looked toward to end of a week defined by rotation.
The Dow Jones Industrials surrendered 227.04 points to 40,437.98
The S&P 500 index dropped 4.54 points to 5,540.05.
The NASDAQ dipped 9.11 points to 17,862.12.
Those moves comes after stocks declined across the board on Thursday, with the Dow falling more than 500 points to snap a six-day winning streak. Despite Thursday’s broad selloff, a market rotation toward names viewed as bigger beneficiaries of lower interest rates, like small caps, still appears to be theme of the week.
The S&P 500 has dropped more than 1%, on pace for its worst week since April. The NASDAQ has slipped close to 3%, putting a six-week winning streak at risk. On the other hand, the Dow is more than 1% higher.
CrowdStrike tumbled more than 8% following a major information technology outage that impacted business around the world. The New York Stock Exchange and NASDAQ both said trading did not appear impacted.
Prices for the 10-year Treasury waned, raising yields to 4.24% from Thursday’s 4.20%. Treasury prices and yields move in opposite directions.
Oil prices slipped 32 cents at $82.50 U.S. a barrel.
Gold prices flopped $52.40 to $2,404.
