The S&P 500 posted 10 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 59 new highs and 43 new lows.

The S&P 500 posted 10 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 59 new highs and 43 new lows.
(Reuters) - The S&P 500 and Nasdaq closed out their sixth straight week of gains with a flat session after Janet Yellen
signaled the Federal Reserve is set to raise interest rates this month if employment and other economic data hold up.
The Dow Jones Industrial Average closed up 2.74 points, or 0.01 percent, to 21,005.71, the S&P 500 gained 1.2 points, or 0.05 percent, to 2,383.12
and the Nasdaq Composite added 9.53 points, or 0.16 percent, to 5,870.75.
Investors expected Yellen to signal a rate hike after a large number of Fed officials, including
those typically dovish on rates, appeared this week to stoke expectations of a rate increase.
Financial stocks, which benefit from higher rates, closed up 0.4 percent on Friday after Yellen’s comments
and were among the best-performing S&P 500 sectors, while real estate was the worst performer, down 0.4 percent.
Strategists said the Fed Chair’s comments likely cement a rate hike at the Fed’s March 14-15 meeting.