Shares are faltering as Wall Street moves toward a mixed weekly finish

Shares faltered in morning trading on Wall Street on Friday and the major indices were heading for a mixed end to a choppy week.

The S&P 500 fell less than 0.1% from 6 p.m. 10:16 Eastern. The Dow Jones Industrial Average fell 247 points, or 0.7 percent, to 35,630, and the Nasdaq rose 0.5 percent.

Shares of smaller companies fell more than the wider market, signaling that investors were nervous about economic growth. Russell 2000 fell 0.6 percent.

Technology stocks rose solidly. TurboTax maker Intuit rose 12.1% after raising its profit forecast for its fiscal year. Software maker Adobe rose 4.1 percent.

Several major communications also increased, helping to offset losses elsewhere in the market. Facebook parent company Meta rose 1.8% and Netflix rose 1.1%.

Moderna rose 4.2% and Pfizer added 1.1% after the Food and Drug Administration opened up boostershots from the two companies to all adults.

Bond yields fell sharply. The yield on the 10-year government bond fell to 1.52% from 1.59% late Thursday.

Falling bond yields weighed on banks, which rely on higher interest rates to charge more lucrative interest rates on loans. Bank of America fell 2.6 percent.

US crude oil prices fell 2.3%, sending energy stocks down. Exxon Mobil fell 4.6%.

It has been a turbulent week for Wall Street as investors reviewed earnings from a number of retailers to essentially close out the latest round of corporate reports. More than 95% of companies in the S&P 500 have reported their most recent quarterly results. Companies have reported overall earnings growth of around 40%, surpassing analysts’ forecasts for a 23% growth back in June.

Investors have shifted their focus to rising inflation, and this has pushed equities into a more uneven path after weeks of solid gains. The S&P 500 and Nasdaq, which both closed record highs on Thursday, are heading for weekly gains after swaying between gains and losses over the course of the week.

Dow and Russell 2000 are heading for weekly losses.

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