U.S. stocks gave up gains on Friday after a U.S. grand jury indicted several Russians for interfering in with the 2016 presidential election to help then-candidate Donald Trump.
U.S. Special Counsel Robert Mueller's office said a U.S. federal grand jury indicted 13 Russian nationals and three Russian entities accused of interfering with U.S. elections and political processes.
The S&P 500 had been up over half a percent, but that gain evaporated after the announcement of the indictments.
“The market was looking for an excuse to roll over and Russia headlines would do it. You’ve had such a rally for the week, and people have been looking for an excuse to take profits heading into the weekend,” said Dennis Dick, a proprietary trader at Bright Trading LLC in Las Vegas.
At 2:26 p.m. ET, the Dow Jones Industrial Average was down 0.08 percent at 25,179.42 points, while the S&P 500 had lost 0.09 percent to 2,728.81.
The Nasdaq Composite dropped 0.35 percent to 7,231.05.