Major market indexes lost momentum late in the session on Friday to close mixed as the Nasdaq Composite Index underperformed.
The Dow Jones Industrial Average rose 0.4% to 28,606.31 , while the S&P 500 added 0.01% to 3,483.81. The Nasdaq slipped 0.4% to 11,671.56.
For the week, the Dow rose 0.07% while the S&P 500 gained 0.2%. The Nasdaq added 0.8%.
Positive economic news helped boost the outlook for investors. September retail sales rose 1.9%, well ahead of the 0.7% consensus, according to Econoday.
Among stocks on the move, drug giant Pfizer (PFE) rose almost 4% after it said it will file for an emergency use authorization for its COVID-19 vaccine candidate "soon after" safety data become available by the third week of November. Elsewhere, Hertz Global (HTZ) surged 143% after the car rental group secured commitments for debtor-in-possession financing of $1.65 billion.
On the downside, Calyxt (CLXT) fell 21% after agreeing to sell 3.75 million shares at $4 each. FSD Pharma (HUGE) slumped 16% after disclosing an agreement to sell shares and warrants.