Stocks Hold Steady Amid Fed Rate Hike Expectations

US stocks experienced a mixed session on Friday as expectations grew for the Federal Reserve to raise interest rates soon.

The S&P 500 declined by 0.3% after fluctuating between modest gains and losses throughout the morning.

The Dow Jones Industrial Average dropped 47 points, or 0.1%, as of 2:28 p.m. Eastern time, while the Nasdaq composite fell 0.5% lower.