Wall Street Steady After Yellen Signals Rate Hike This Month

The S&P 500 and Nasdaq closed out their sixth straight week of gains with a flat session after Janet Yellen signalled the Federal Reserve is set to raise interest rates this month if employment and other economic data hold up. 

Strategists said the Fed Chair's comments likely cement a rate hike at the Fed's March 14-15 meeting. 

Financial stocks, which benefit from higher rates, closed up 0.4 percent on Friday after Yellen's comments and were among the best-performing S&P 500 sectors, while real estate was the worst performer, down 0.4 percent.

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