Wall Street closed out a choppy week of trading Friday with major stock indexes mostly lower and all finishing in the red for the week.
Bond yields were mixed, though the 10-year Treasury yield inched higher. The closely watched yield, which influences interest rates on mortgages and other consumer loans, has hovered this week near the highest level since January. Smaller-company stocks also notched gains. That helped the Russell 2000 index of smaller companies claw back some of its losses from a day earlier. It picked up 19.96 points, or 0.9%, to 2,287.55.
Bank stocks fell after the Federal Reserve announced it would end some of the emergency measures put in place last year to help the financial industry deal with the pandemic. The move will restore some of the capital requirements for big banks that were suspended in the early months of the viral outbreak to give banks flexibility. The banking industry had hoped those measures would be extended.Several Big Tech companies rose. Netflix gained 1.5% and Amazon.com added 1.6%.