US stocks finished Friday’s session mixed as investors stepped back from technology shares after a recent rally. Gains in other sectors helped limit the losses, but the broader market lacked clear direction by the close.
The uneven finish came as Treasury yields climbed ahead of closely watched economic data. Higher yields can pressure growth-oriented stocks, especially in technology, by making future earnings look less attractive to investors.
Market sentiment remained cautious as traders weighed whether the recent surge in tech names had gone too far, too fast. Even with the pullback, the sector has still been a major driver of the market’s gains in recent months.
With more data on the horizon, investors are likely to keep watching interest-rate expectations and bond moves for clues about the next leg for equities.
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