Stocks End Week Slightly Lower on Tough Fedspeak: Markets Wrap
- Fed officials debate merits of 25 versus 50 bp rate hikes
- US Equity indexes strengthened through Friday afternoon
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US equity indexes were mixed Friday as dip buyers brushed off hawkish comments by Federal Reserve officials to help keep weekly losses at a minimum.
The S&P 500 Index dropped 0.3% after falling as much as 1%, lifted by consumer staples and utility stocks. The benchmark closed down 0.3% on the week but the Nasdaq 100 managed to gain 0.4% in the five-day period.