U.S. stocks ended little changed on Friday, losing ground late after Federal Reserve Chair Janet Yellen's comments on the economy unnerved investors.
Financial shares finished up, giving the S&P 500 its biggest boost after stronger-than-expected bank results, but gave up most of their early gains. Healthcare shares led declines.
Yellen, in a speech at a conference of policymakers and academics, laid out the deepening concern at the Fed that U.S. economic potential is slipping - and may need aggressive steps to rebuild it.
The Dow Jones industrial average .DJI closed up 39.44 points, or 0.22 percent, to 18,138.38, the S&P 500 .SPX gained 0.43 points, or 0.02 percent, to 2,132.98 and the Nasdaq Composite .IXIC added 0.83 points, or 0.02 percent, to 5,214.16.
For the week, the Dow was down 0.6 percent, the S&P 500 was down 1 percent and the Nasdaq fell 1.5 percent.
Asian shares dipped on Monday while the dollar held firm near seven-month high against a basket of major currencies after comments from Federal Reserve Chair Janet Yellen boosted long-dated U.S. bond yields.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.2 percent in early trade while Japan's Nikkei .N225 rose 0.2 percent.
Reference : Reuters
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