- Investors sit on their hands ahead of the weekend, sending the Dow and S&P to losses for the week while the Nasdaq and Russell 2000 posted weekly gains.
- Stocks cut early advances after Dallas Fed's Richard Fisher said he would continue to promote the rolling back of the Fed's monthly asset purchases.
- Telecoms and energy were the day's hardest hit sectors, while utilities and consumer discretionary fared best.
- Existing home sales fell more than economists had forecast in January, the latest sign the housing market is buckling under higher mortgage rates and a severely cold winter.
- Treasury prices rose after the report, and the yield on the benchmark 10-year note slipped 2 bps to 2.728%.
Stocks slip but Nasdaq notches third straight weekly gain
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