by Noel Randevich and Bansari Mayur Kamdar

(Reuters) – U.S. stocks were mixed on Friday, posting gains for a 10th consecutive day, its longest rally in nearly six years.

Blue-chip indexes were lifted by gains of more than 1% each in Procter & Gamble (NYSE: ) and . purlin (NYSE:) . It is now more than 6% compared to an increase of 18% in 2023.

“The Dow’s catch-up shows that change is happening in other sectors, such as healthcare and financials. The rally is no longer just tech-heavy,” said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.

Nvidia (NASDAQ: ) and Meta Platforms declined more than 2% each in a volatile trading session, while the S&P 500 utilities sector gained 1.5%, followed by a 1% rise in the healthcare sector index.

Netflix (NASDAQ: ) declined 2.3% for the second day in a row after the video streaming company failed to impress with its quarterly results this week.

Analysts attributed Friday’s volatile trading to the expiration of monthly options and the expected special rebalancing of multi-trillion dollars after the end of trading.

The S&P 500 climbed 0.03% to close at 4,536.34.

The Nasdaq fell 0.22% to 14,032.81, while the Dow Jones Industrial Average gained 0.01% to 35,227.69.

For the week, the S&P 500 gained 0.7%, the Nasdaq declined 0.6%, and the Dow gained 2.1%.

The Nasdaq has gained nearly 34% this year, fueled by optimism over artificial intelligence, a relatively resilient US economy and hopes that the Federal Reserve’s aggressive rate hike cycle will soon end.

While the Fed is widely expected to hike interest rates by 25 basis points at its July 25-26 meeting, investors have mixed views on the central bank’s long-term monetary policy.

American Express (NYSE:) fell 3.9% after the credit card giant missed quarterly revenue estimates and reaffirmed its full-year profit forecast.

SLB declined 2.2% after the top oilfield services firm missed quarterly revenue expectations due to moderate drilling activity in North America.

Issues advancing outnumbered issues falling within the S&P 500 by a 1.5-to-one ratio.

Volume was relatively low on US exchanges, with 10.4 billion shares traded, compared to an average of 10.6 billion shares traded over the previous 20 sessions.