Major Averages Finish Lackluster Session Mixed

(RTTNews) - With traders focused on the latest developments regarding Greece, stocks turned in a mixed performance during trading on Friday. The Dow moved moderately higher on the day, but the Nasdaq pulled back further off its record highs.

Most of the major sectors ended the day showing only modest moves, although notable weakness was visible among semiconductor stocks. Reflecting the weakness in the sector, the Philadelphia Semiconductor Index tumbled by 2.4 percent.

Chip maker Micron Technology (MU) led the semiconductor sector lower, plummeting by 18.2 after reporting weaker than expected third quarter results and providing disappointing guidance.

Networking and computer hardware stocks also saw considerable weakness on the day, contributing to the continued pullback by the tech-heavy Nasdaq.

Meanwhile, tobacco, brokerage and utilities stocks saw some strength, helping to offset the weakness seen in the aforementioned sectors.

The major averages finished the day on opposite sides of the unchanged line. While the Dow rose 56.66 points or 0.3 percent to 17,947.02, the Nasdaq slid 31.68 points or 0.6 percent to 5,080.51 and the S&P 500 edged down 0.70 points or less than a tenth of a percent to 2,101.61.

However, the major averages all moved lower for the week. The Nasdaq dropped by 0.7 percent, while the Dow and the S&P 500 both fell by 0.4 percent.