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NEW YORK (AP) — Major U.S. stock indexes managed to eke out tiny gains on Wall Street after a day of wavering between small gains and losses.
Banks climbed Friday as investors priced in an increasing likelihood that interest rates will rise in the coming months.
Federal Reserve Chair Janet Yellen helped stoke those expectations in a speech in which she said an improving job market and rising inflation would likely prompt the Fed to increase borrowing costs.
KeyCorp and Comerica each rose 1 percent.
Other parts of the market lagged. Real estate companies fell the most.
The Standard & Poor's 500 index rose 1 point to 2,383. The Dow Jones industrial average edged up 2 points to 21,005. The Nasdaq composite increased 9 points, or 0.2 percent, to 5,870.
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