By Noel Randewich and April Joyner
(Reuters) - Wall Street moved sideways on Friday as technology stocks dipped after a six-day rally and healthcare shares rose on expectations that U.S. President Donald Trump's speech on drug prices would largely spare the industry.
Also weighing on tech was Nvidia
"Tech is giving back some of its gains. Market participants are not making aggressive bets after the week we've had, heading into the weekend," said Keith Lerner, chief market strategist at SunTrust Advisory Services in Atlanta. "We're in a holding pattern today, digesting the strong gains of the week that we've seen."
However, the policy proposals will have a relatively modest impact on the healthcare system, health industry sources briefed on the plans told Reuters.
The Nasdaq Composite <.IXIC> dropped 0.25 percent to 7,386.80.
The Dow edged above 100-day moving average for the first time since April 18, following the S&P's similar move a day earlier, suggesting that the market may move higher.
Advancing issues outnumbered declining ones on the NYSE by a 1.08-to-1 ratio; on Nasdaq, a 1.00-to-1 ratio favored decliners.
(Additional reporting by Sruthi Shankar in Bengaluru; Editing by Chizu Nomiyama)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)