(CNBC) U.S. stocks traded mostly lower on Friday, with utilities lagging, as investors digested remarks made by Federal Reserve Chair Janet Yellen and Vice Chairman Stanley Fischer.
"I don't think she said anything we didn't already know, but people were trying to make something bullish out of it," said JJ Kinahan, chief strategist at TD Ameritrade. "Then Fischer said two rate hikes were possible" and stocks went lower.
The Dow Jones industrial average held about 40 points lower after briefly falling more than 100 points. Earlier, Fischer told CNBC next week's jobs report would weigh on the Fed's rate hike decision. The Dow traded more than 100 points higher earlier in the session and traded in a range of 236.75 points.
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