S&P, Nasdaq edge down as Nvidia declines for second day
Communication services was the biggest gainers among the 11 S&P 500 sector indexes, up 0.72%, while technology led the decline.
Friday's trading could be more volatile than usual due to triple witching, the simultaneous expiration of stock options, stock index options, and stock index futures. May home sales fell to a seasonally adjusted annual rate of 4.11 million units versus expectations of 4.10 million units. Declining issues outnumbered advancers by a 1.34-to-1 ratio on the NYSE. There were 71 new highs and 56 new lows on the NYSE.
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