The major U.S. stock indexes veered slightly lower in afternoon trading Friday, adding to the market's modest losses from a day earlier. Technology companies led the slide. Phone companies and airlines were among the biggest gainers. A new round of tensions between the U.S. and North Korea helped send bond yields lower, which weighed on bank shares.
European stocks closed mixed on Friday as investors digested a key speech from the U.K.'s prime minister on Brexit.
The death of billionaire Liliane Bettencourt focused attention on Friday on how L'Oreal's founding family and major shareholder Nestle (NESN.S) would manage their stakes in the world's biggest cosmetics firm. Bettencourt, listed by Forbes as the world's richest woman and heiress to the company started by her father, died at the age of 94, relatives said late on Thursday. Bettencourt's family owns 33 percent of L'Oreal.