The Dow closed higher, above the psychologically key 18,000 level with Travelers recovering from Thursday's plunge to contribute the most to gains. Microsoft contributed the most to declines.
The Nasdaq composite underperformed, closing 0.8 percent lower after earlier falling 1 percent. Facebook lost 2.5 percent and Amazon.com closed 1.66 percent lower.
Information technology closed 1.9 percent lower, barely in positive territory for the year after briefly joining health care and financials in the red for 2016.
"The real story is tech. It's a group that got out of itself in terms of expectations," said Art Hogan, chief market strategist at Wunderlich Securities. "When you think about the recovery in general, the Dow and S&P are still in positive territory year-to-date. The Nasdaq never did."
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The Nasdaq composite posted two-straight weeks of declines and is 2 percent lower year-to-date, more than 6 percent below its 52-week intraday high. The Dow and S&P are up more than 3 percent and 2 percent, respectively, for the year so far, and about 2 percent or less below their 52-week intraday highs.
Energy was the best S&P sector on the day, rising 1.33 percent, and is the top S&P 500 performer year-to-date with gains of nearly 11.5 percent.
U.S. crude oil futures settled up 55 cents, or 1.27 percent, at $43.73 a barrel, for its third-straight week of gains. The weekly oil rig count showed a decline of 8 to 343, down 360 rigs from the same period last year, according to Baker Hughes.
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McDonald's reported earnings that beat on both the top and bottom line, and gave comparable same-store sales that topped expectations. The stock ended 0.2 percent lower, holding gains of 6.2 percent year-to-date.
Excluding restructuring costs, Caterpillar reported earnings of 67 cents a share, down from $2.07 a year ago. The company also trimmed its 2016 sales outlook range to the lower end of the previously forecast range, despite recent gains in commodity prices and signs of improvement in the China market. Shares fell 0.43 percent but are still up more than 15 percent year-to-date.
Visa reported earnings above expectations on both the top and bottom line, but lowered guidance for annual net revenue growth. The stock closed nearly 2.1 percent lower but are up 2 percent for the year so far.
Starbucks earnings matched estimates, while revenue was a touch lower. Global comparable same-store sales missed expectations. Shares fell 4.88 percent and are 3.9 percent lower year-to-date.
"Big companies, iconic brands, but nonetheless a very mixed picture," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
"We had a pullback yesterday, no technical damage, nothing life-threatening, but what happens from here?" he said.