How major US stock market indexes fared on Friday

Marco Green
June 10, 2017

The Standard & Poor's 500 index closed slightly lower.

Tech stocks pulled the Nasdaq composite lower Friday, as the Dow Jones Industrial Average notched another record close.

All told, the S&P 500 index fell 2.02 points, or 0.1%, to 2,431.77.

The Dow Jones gained 89.44 (+0.42 percent) to finish at 21,271.97.

Goldman Sachs Group picked up $2.98, or 1.4 percent, to $218.76.

TECH SLUMP: Technology stocks fell sharply, on pace for their biggest single-day loss in almost a year.

United States stocks were coming off a two-day winning streak, which included a record high for the Nasdaq on Thursday.

The latest gains came as the stock market continued to trade mostly in a narrow range in the absence of major new economic data and ahead of next week's meeting of Federal Reserve policymakers.

THE QUOTE: "We're seeing investors rotate out of the global stocks and into the USA stocks in general", said Sam Stovall, chief investment strategist at CFRA Equity Research.

USA stock indexes moved higher Friday, adding to the market's modest gains from a day earlier. Microsoft Corp (MSFT.O) fell 2.3 percent. chipmaker Nvidia (NVDA.O) closed down 6.5 percent at $149.60 after Citron Research said the stock could trade back to $130.

The technology sector.SPLRCT, which soared this year and led the market's rally, finished down 2.7 percent, after paring declines. It remains up 18.5% for the year.

Shares of software company Cloudera (CLDR.N) also tumbled, shedding 15.6 percent after its quarterly results.

Small-company stocks were among the big gainers, receiving a boost from a stronger dollar following the British general election.

Small-company stocks rose more than the rest of the market.

BRITISH POLLS: Exit polls for the general election forecast that the Conservatives would fall short of a majority in parliament, raising the prospect that the country might not have a clear victor or strong government as it starts its negotiations to leave the European Union. The pound weakened to $1.2735 from $1.2943. The dollar fell to 110.27 yen from 109.90 yen late Thursday in Asia. The euro weakened to 1.1195 dollars from 1.1222 dollars.

Germany's DAX rose 0.8 percent, while France's CAC 40 gained 0.7 percent.

The Dow rose 65.68 points, or 0.3 percent. Hong Kong's Hang Seng slipped 0.1%. The deal is an all-stock transaction valued at about $7.6 billion. Heating oil rose 1 cent to $1.42 per gallon.

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