Markets Right Now: Weeklong stock market rally fizzles out

NEW YORK (AP) — The latest on developments in financial markets (all times local):

4 p.m.

Stocks ended a wobbly day slightly lower on Wall Street as a weeklong rally fizzled out.

The modest losses Friday came a day after the S&P 500 set a record closing high. On Friday the Dow Jones Industrial Average also briefly traded above the all-time closing high it reached in October.

Technology and industrial companies led the way lower. PayPal lost 2.2% and FedEx gave up 1.5%.

The price of oil continued to climb and rose more than 9% for the week as tensions between the U.S. and Iran increase.

The S&P 500 fell 3 points, or 0.1%, to 2,950. It's up 7.2% so far in June.

The Dow Jones Industrial Average lost 34 points, or 0.1%, to 26,719. The Nasdaq dipped 19 points, or 0.2%, to 8,031.

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11:45 a.m.

A weeklong rally on the stock market is fizzling out as major U.S. indexes wobble between small gains and losses.

A day earlier, the S&P 500 index reached a record closing high. The Dow Jones Industrial Average was edging closer to its own all-time high Friday.

Banks climbed as long-term bond yields rose, which makes it easier for banks to charge higher interest rates on mortgages and other kind of loans.

Wells Fargo and Citigroup each rose 1%

The price of oil continued to climb and was up more than 9% for the week.

The S&P 500 rose 1 point to 2,955. It's up 7.4% so far in June.

The Dow Jones Industrial Average rose 68 points, or 0.2%, to 26,821. The Nasdaq dipped 9 points, or 0.6%, to 8,042.

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9:35 a.m.

The stock market is taking a breather Friday, a day after the S&P 500 index rose to a record high.

The commodities and bond markets are also tame compared with Thursday, when oil jumped more than 5% and the...