U.S. stocks turned weak after a firm start on Friday, and among the major averages, the Nasdaq managed to settle slightly higher, while the Dow and the S&P 500 ended on a negative note.
U.S. stocks started off on a firm note on Friday and despite suffering a setback around mid morning, recovered swiftly and stayed firm right till the end of the day's session to finish on a strong note.
U.S. stocks turned in a mixed performance on Friday with investors largely staying cautious amid concerns the Federal Reserve will hold interest rates higher for longer to control inflation.