Stocks revered earlier gains on Friday, finishing up the session mixed at a near flatline as FAANG technology giants fell lower, which harmed positive sentiment. Throughout the week, market participants looked for direction amid mixed economic data and prolonged delays towards the passage of the lastest $1.9 trillion economic relief package.

For the week, major benchmarks also ended mixed, with the S&P 500 falling 0.71% and the Nasdaq declined 1.57%, while the Dow Jones rose slightly higher by 0.11%.

On Friday, the U.S. Securities and Exchange Commission temporarily suspended trading of three more stocks whose prices and trading volumes seem to be boosted by retail investors on online forums. The lastest suspension was applied to Marathon Group Corp., Affinity Beverage Group and Sylios Corp., according to the regulator's website, with the halt extending until March 4.

Here's how the market closed out the week:

S&P 500 Index (SPY  ): -0.18% or -7.24 points to 3,906.73

Dow Jones Industrial Average (DIA  ): +0.00% or +1.44 points to 31,494.78

Nasdaq Composite Index (QQQ  ): +0.07% or +9.11% points to 13,874.46

For Stocks, Palantir Technologies (PLTR  ) shares rallied higher on Friday after popular investor Cathie Wood revealed that Ark Invest had purchased over 6.8 million shares of the data company this past week, adding about 5.23 million shares to the ARK Innovation ETF (ARKK  ) and 1.56 million shares to the ARK Next Generation Internet ETF (ARKW  ).

For Sector Performance, sectors on the S&P 500 ended mixed on Friday. The leaders closing in positive territory were Materials (XLB  ), Energy (XLE  ), Industrials (XLI  ) and Financials (XLF  ), each rising over 1%. The biggest decliners included Communication Services (XLC  ), Health Care (XLV  ), Consumer Staples (XLP  ) and Utilities (XLU  ), each falling over 1%.

For Commodities and Currencies, the U.S. Dollar (UUP  ) slipped on Friday as market participants moved away from the safe haven greenback towards more risky currencies as economic outlooks improved and risk sentiment returned. The dollar index, which tracks the greenback against other global currencies, declined 0.25% to 90.36. Bitcoin continued its weeks long rally, with the world's largest digital currency rising over $54,900 and reaching a market capitalization of $1 trillion for the first time on Friday. Gold (GLD  ) prices edged higher on Friday as the U.S. dollar fell lower. Spot gold increased 0.3% to $1,780.86 per ounce, while U.S. gold futures settled 0.1% higher at $1,777.40 per ounce. Crude oil futures fell lower from recent highs for a second session on Friday as Texas energy firms began restoring power after week-long freezing weather. International benchmark Brent Crude (USO  ) declined 1.6% to $62.91 per barrel, while domestic index West Texas Intermediate (USO  ) settled 2.12% lower at $59.24 each.

For the week ahead, market participants will react to headlines surrounding Congressional talks over the passage of the $1.9 trillion coronavirus relief package.