The Dow retreated 17.11 points, or 0.1%, to 12101. 46. Meanwhile, the Standard & Poor's 500-stock index inched up 0.14 points, or less than 0.1%, to 1278.18, and the Nasdaq Composite rose 12.53 points, or 0.5%, to 2760.01.
The broader market suffered its steepest losses of the year Friday, following a monthly jobs reports that badly missed expectations.
"People are more nervous this week than most," said Rick Fier, director of equity trading at Conifer Securities. "There's no real economic news or earnings, so the markets will center around rumors out of Europe," Mr. Fier said.
The S&P narrowly averted closing in correction territory, meaning the benchmark has almost fallen 10% from its April closing high. The Nasdaq reached this milestone last week, while the Dow has fallen 8.9% from its May 1 close.
Industrial and financial stocks fell the most among the S&P 500's 10 sectors. J.P. Morgan Chase JPM +3.19% slumped, while Caterpillar, CAT +0.47% a stock closely tied to growth prospects, also fell.
Telecommunications stocks were a source of strength, leading among S&P 500 sectors.
Chesapeake Energy CHK +2.91% rose and was the biggest gainer on the S&P 500 after the company agreed to replace four members of its nine-member board with candidates proposed by the embattled oil-and-gas company's two largest shareholders, Southeastern Management Co. and activist investor Carl C. Icahn.
Shares of Facebook FB -3.83% fell after analysts at Bernstein assigned the stock an "underperform" rating and handed out Wall Street's lowest price target for the company: $25. Separately, The Wall Street Journal reported that the company is developing technology that would allow children younger than 13 years old to use the social-networking site under parental supervision
source: wall street journal
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