The Dow Jones Industrial Average headed for its fifth straight week of losses on Friday, despite solid gains on the day, as investors remain cautious amid the war between Russia and Ukraine.
The 30-stock index advanced 131.44 points to 33,305.51, helped by gains in Boeing and Goldman Sachs.
The S&P 500 moved up 3.59 points to 4,263.11.
The NASDAQ Composite dipped 46.9 points to 13,083.06,
The Dow is headed for its fifth straight week of losses as the Russia-Ukraine war continues to be an overhang on financial markets. The S&P and NASDAQ are heading for their second straight week of losses.
Week to date, the Dow is down about 0.9%. Meanwhile, the S&P is down roughly 1.5%, and the NASDAQ is off by 1.6% this week.
Elsewhere, Rivian slipped 5% after missing estimates for the fourth quarter on the top and bottom lines, while DocuSign sank 19% after issuing weak guidance for the first quarter and fiscal year.
Certain tech names dragged on the NASDAQ on Friday and continued their weakness since Monday. Zoom Video fell 3%, bringing its weekly losses to more than 7%. Meta Platforms fell 2.5% and is down more than 5% since Monday.
On the data front, the University of Michigan consumer sentiment index sunk to 59.7 in March, down from 62.8 in February, according to the report released on Friday. This marks the weakest print since September 2011.
Russian President Vladimir Putin said Friday “certain positive shifts” have occurred in the talks between the Kremlin and Ukraine. Meanwhile, President Volodymyr Zelenskyy reportedly said Ukraine has reached a “strategic turning point” in its war with Russia.
Treasury prices gained ground, lowering yields to Thursday’s 1.99%. Treasury prices and yields move in opposite directions.
Oil prices hiked $3.20 to $109.22 U.S. a barrel.
Gold prices dropped $14.10 to $1,986.30 U.S. an ounce.