US equities end mixed, post weekly gains

US stocks ended mixed on Friday as Nvidia continued to weigh on the technology sector and investors assessed comments from Federal Reserve officials, including calls for higher interest rates.

The Dow Jones Industrial Average rose 0.1%, or 50 points, to 52,347, posting a weekly gain of 2.07%.

The S&P 500 fell 0.40%, or 30 points, to 7,561, while the Nasdaq Composite dropped 0.91%, or 229 points, to 25,136. Both indexes advanced for the week, gaining 2.51% and 2.27%, respectively.

In Europe, the STOXX 600 was flat at 664, ending the week up 2.44%.

The UK's FTSE 100 rose 0.35% to 10,902 and France’s CAC 40 edged up 0.1% to 8,368. Germany’s DAX slipped 0.1% to 26,749.

In Japan, the Nikkei 225 gained 0.55% to 61,142, while the broader Topix rose 0.1% to 3,941.

Brent crude futures for January delivery settled unchanged at $95.84 a barrel, but fell 2.5% over the week.

US WTI crude futures for December delivery slipped 0.20%, or 18 cents, to $88.56 a barrel.

Gold futures for December delivery settled unchanged at $3,886.30 an ounce, posting a weekly loss of 4.6%.

What does this mean? Wall Street faces mounting pressure from persistent inflation concerns, uncertainty over the path of interest rates and unease in the technology sector, particularly following volatility in Nvidia shares after the departure of its founder and chief executive.