U.S. equities show modest moves midday as declining oil prices offset gains, extending a weekly losing streak for major indexes.
The S&P 500 held steady at midday Friday, while the Nasdaq Composite traded in mixed territory as falling oil prices capped broader market momentum. Major averages remained on track for a second consecutive weekly decline, reflecting cautious sentiment among investors.
Earlier in the week, the S&P 500 and Nasdaq posted losses amid volatility tied to macroeconomic concerns and sector rotation. The lack of directional movement today follows a period of uneven performance, with tech stocks underperforming relative to broader market trends.
No immediate market reaction was reported, though trading volumes remained subdued ahead of the weekend.