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US stocks end mixed after volatile week led by rate expectations
US equities ended mixed after a volatile week shaped by interest rate expectations and earnings data, with technology stocks under pressure while energy and utilities gained modestly.
US stocks ended Friday on a mixed note following a volatile week shaped by inflation data and rate expectations. The Dow Jones gained 92 points, the S&P 500 rose 0.2%, while the Nasdaq slipped 0.4%, dragged by profit-taking in technology shares. Investors assessed strong nonfarm payrolls adding 216,000 jobs and average hourly earnings up 0.3% MoM.
Apple reported $92.6 billion in quarterly revenue, while ExxonMobil posted $9.3 billion in profit. Analysts expect continued volatility as Federal Reserve policy direction remains uncertain.