Stocks are closing mostly lower on Wall Street Friday and the broad S&P 500 had its first weekly loss in the last three.
The S&P 500 slipped 0.1%. The Dow Jones Industrial Average lost 0.7%, falling for a second-straight week. The Nasdaq Composite gained 0.8%.
Bank stocks fell after the Federal Reserve announced it would end some emergency measures put in place for the industry last year to help deal with the pandemic. The yield on the 10-year U.S. Treasury edged higher. FedEx shares soared to a three-month high after the package delivery giant reported strong third-quarter earnings.