A record close for the Nasdaq was looking likely until a swift selloff in tech dragged the index from its heights. The Dow Jones Industrial Average remained resilient, though, holding onto modest gains to close at a record. Advanced Micro Devices, Inc. (AMD) was among the worst performers in the tech space, retreating after a days-long rally. The chipmaker had seen a boost in demand for its graphic processing chips on higher cryptocurrency use. Rite Aid Corporation (RAD) tumbled on reports the Federal Trade Commission is preparing to block its proposed merger with Walgreens Boots Alliance Inc. (WBA) . Fred's, Inc. (FRED) was also lower -- the retailer was to purchase a number of Rite Aid stores to ease antitrust concerns. Banking stocks performed well on Friday on anticipation for a rate hike next week. A June rate hike is all but a given - markets have priced in a very confident 99% chance of a 25-basis-point increase.
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