Mixed Results On Wall Street Amid Biotech Sell-Off
By Caroline Valetkevitch
NEW YORK (Reuters) -- The S&P 500 erased an early Fed-driven rally to close down slightly on Friday, as a selloff in biotechs offset gains in banking shares.
The Nasdaq fell 1 percent, while the Nasdaq Biotech Index tumbled 5.1 percent and retested its low from August, when it entered bear market territory.