"It’s going to send a shock wave across the board, and this represents the true utmost in market disruption," said Burns McKinney, chief investment officer with the Dallas investment team for Allianz Global Investors.
The Dow Jones Industrial Average .DJI rose 24.38 points, or 0.11 percent, to end at 21,384.28, the S&P 500 .SPX gained 0.69 point, or 0.03 percent, to 2,433.15 and the Nasdaq Composite .IXIC dropped 13.74 points, or 0.22 percent, to 6,151.76.
Investors were continuing to digest the Federal Reserve's interest rate hike on Wednesday, with some concerned about the economy's ability to absorb higher rates.
President Donald Trump is likely to nominate former Senate aide Hester Peirce to an open seat on the Securities and Exchange Commission, Bloomberg News reported on Friday, citing unnamed people familiar with the matter.
DALLAS The Federal Reserve should be cautious about any further interest-rate hikes, Dallas Federal Reserve President Robert Kaplan said on Friday, just two days after he voted with the majority of his colleagues to raise rates for the second time this year.