The tech-heavy Nasdaq Composite Index closed barely in positive territory, while the Dow Industrials and the S&P finished moderately lower.
Technology, communication services, financial and consumer discretionary stocks were among the best performers of the session.
Strong domestic economic data on the housing and job markets also unnerved traders, who are bracing for a 25 basis point hike when the Fed meets next week or potentially even a pause.
Sentiment reversed in late morning traders as rumors began drifting around that big banks will likely pitch in with $30 billion in financing for the First Republic Bank. The Nasdaq Composite Index ended at a one-month high.
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