S&P 500 ends down with banks mostly lower, indexes post weekly gains

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The Dow gained a third of a percent, while the S&P 500 and the Nasdaq both dipped fractionally as US stocks ended mixed on Friday

Some strategists said bank stocks may have sold off following recent strong gains., which was down 1.9% on the day.edged lower a day after registering a record high close., whose shares rose 1.3%, is the first of the growth giants to report, with earnings expected on Wednesday.

Volume on U.S. exchanges was 10.72 billion shares, compared with the 11.04 billion average for the full session over the last 20 trading days. Declining issues outnumbered advancing ones on the NYSE by a 2.73-to-1 ratio; on Nasdaq, a 2.33-to-1 ratio favored decliners. The S&P 500 posted 40 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 97 new highs and 60 new lows.

Reporting by Caroline Valetkevitch; additional reporting by Johann M Cherian and Bansari Mayur Kamdar in Bengaluru; Editing by Saumyadeb Chakrabarty, Sriraj Kalluvila, Maju Samuel, Vinay Dwivedi and David Gregorio

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