The S and P 500 ended little changed, while the Dow closed lower after dropping earlier in the session to a three week low.

The benchmark 10 year U.

S Treasury yields eased to roughly 1.4% after jumping to about 1.6% on Thursday.

Still, the sudden rise in yields has tempered investors appetite for technology stocks.

But Kevin Nicholson, co chief investment officer at Riverfront Investment Group, says Tech is still king.

Today is a reversal for technology because it was beaten up the Valley yesterday.

I still believe that technology is going to be one of the leaders going forward, even though we are getting that cyclical rotation where you're starting to see more people focus on industrials and materials and that's a that's largely driven because of the potential of the stimulus package that's going to focus on infrastructure.

Um, but I do think that you're going to see equity markets being more volatile over the coming weeks just because we've gotten such a dramatic move up in yields at such a rapid pace.

An early surge in the shares of Gamestop fizzled and left the video game retailer stock down 6.4% on Friday, throwing water on a renewed rally this week that has left analysts puzzled.

Meanwhile, on the economic front, the latest data showed U.

S consumer spending increased by the most in seven months in January after household incomes got a boost from the latest round of stimulus checks.