US close: Stocks mixed as major indices deliver losing week

Wall Street stocks delivered a mixed performance on Friday as major indices turned in a losing week on the back of fears regarding a more aggressive stance against inflation by the Federal Reserve.

At the close, the Dow Jones Industrial Average was up 0.40% at 34,721.12, while the S&P 500 was 0.27% weaker at 4,488.28 and the Nasdaq Composite saw out the session 1.34% softer at 13,711.00.

The Dow closed 137.55 points higher on Friday, building on gains recorded in the previous session.

Comments from the central bank at its March meeting were still in focus throughout the course of the day, with the minutes revealing that policymakers planned to cut their bond holdings by a consensus amount of about $95.0bn per month and also indicating potential interest rate hikes of 50 basis points in future meetings.

Also drawing an amount of investor attention was news that at least 30 people had been killed and more than 100 wounded following a rocket attack on a railway station in Kramatorsk, Ukraine, according to the state railway company. Ukrainian officials laid the blame on Russia for the attack, stating it took place as civilians were attempting to evacuate to safer parts of the country. Russia has denied any involvement in the strike.

On the macro front, US wholesale inventories increased 2.50% month-on-month in February to $818.2bn, according to the Census Bureau, while January's print was revised to show a 1.2% increase to $798.6bn.

No major corporate earnings were released on Friday but traders were looking ahead to earnings season, which will kick off next week, with reports from JPMorgan, Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo all due to report before the week is out.

Dow Jones - Risers

Home Depot Inc. (HD) $311.11 2.76%
Goldman Sachs Group Inc. (GS) $321.39 2.30%
JP Morgan Chase & Co. (JPM) $133.49 1.83%
Chevron Corp. (CVX) $169.93 1.69%
Unitedhealth Group Inc. (UNH) $545.96 1.68%
Verizon Communications Inc. (VZ) $53.53 1.63%
Travelers Company Inc. (TRV) $184.86 1.52%
Merck & Co. Inc. (MRK) $87.68 1.01%
Procter & Gamble Co. (PG) $160.10 0.78%
American Express Co. (AXP) $183.40 0.72%

Dow Jones - Fallers

Boeing Co. (BA) $175.20 -1.56%
Salesforce.Com Inc. (CRM) $197.03 -1.49%
Microsoft Corp. (MSFT) $296.97 -1.46%
Apple Inc. (AAPL) $170.09 -1.19%
McDonald's Corp. (MCD) $251.46 -1.14%
Intel Corp. (INTC) $47.02 -1.14%
Nike Inc. (NKE) $128.15 -0.95%
Cisco Systems Inc. (CSCO) $54.28 -0.64%
International Business Machines Corporation (CDI) (IBM) $127.74 -0.64%
3M Co. (MMM) $149.81 -0.09%

S&P 500 - Risers

Coterra Energy Inc. (CTRA) $28.75 7.32%
Occidental Petroleum Corp. (OXY) $61.80 7.14%
Dish Network Corp. (DISH) $32.33 6.42%
Discovery Inc. Class A (DISCA) $24.43 5.90%
Discovery Inc. Class C (DISCK) $24.42 5.81%
Halliburton Co. (HAL) $39.92 5.80%
Eog Resources Inc. (EOG) $126.89 5.19%
National Oilwell Varco Inc. (NOV) $20.37 5.16%
Apache Corp. (APA) $43.02 4.93%
FMC Technologies Inc. (FTI) $7.87 4.38%

S&P 500 - Fallers

Nektar Therapeutics (NKTR) $5.51 -4.51%
Nvidia Corp. (NVDA) $231.19 -4.50%
Twitter Inc (TWTR) $46.23 -3.75%
HP Inc (HPQ) $38.63 -3.57%
KLA-Tencor Corp. (KLAC) $341.21 -3.36%
Cadence Design Systems Inc. (CDNS) $158.24 -3.00%
Microchip Technology Inc. (MCHP) $66.32 -2.74%
Southwest Airlines Co. (LUV) $41.24 -2.71%
Flowserve Corp. (FLS) $35.61 -2.68%
Broadcom Inc. (AVGO) $587.00 -2.66%

Nasdaq 100 - Risers

Dish Network Corp. (DISH) $32.33 6.42%
Biomarin Pharmaceutical Inc. (BMRN) $85.99 3.17%
Dollar Tree Inc (DLTR) $162.92 2.72%
Regeneron Pharmaceuticals Inc. (REGN) $738.84 2.36%
Liberty Global plc Series C (LBTYK) $25.91 2.33%
Gilead Sciences Inc. (GILD) $62.30 2.15%
Liberty Global plc Series A (LBTYA) $25.46 2.04%
Vertex Pharmaceuticals Inc. (VRTX) $280.28 1.61%
Kraft Heinz Co. (KHC) $40.94 1.56%
Ross Stores Inc. (ROST) $96.84 1.56%

Nasdaq 100 - Fallers

Nvidia Corp. (NVDA) $231.19 -4.50%
KLA-Tencor Corp. (KLAC) $341.21 -3.36%
Tesla Inc (TSLA) $1,025.49 -3.00%
Cadence Design Systems Inc. (CDNS) $158.24 -3.00%
Microchip Technology Inc. (MCHP) $66.32 -2.74%
Broadcom Inc. (AVGO) $587.00 -2.66%
Intuit Inc. (INTU) $482.84 -2.46%
Wynn Resorts Ltd. (WYNN) $72.23 -2.35%
Lam Research Corp. (LRCX) $491.64 -2.32%
Asml Holdings N.V. (ASML) $610.93 -2.30%