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U.S. stocks pared losses in midday trading on Friday as markets cap off a bumpy week following the Federal Reserve’s interest rate decision on Wednesday and further pressure in the banking sector.

The S&P 500 (^GSPC), which fell as much as 1% in early Friday trading, the most in a week, recovered most losses by mid-afternoon, down just 0.1%. The Dow Jones Industrial Average (^DJI) lost about 35 points, or 0.1%, as of 12 p.m. ET, while the technology-heavy Nasdaq Composite (^IXIC) declined the most in mid-afternoon trading, falling roughly 0.25%.

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