NEW YORK (TheStreet) -- U.S. stocks rallied into the close Friday, but couldn't make up for losses earlier in the week, ending with the biggest weekly decline since Aug. 1 as the S&P 500
The Dow Jones Industrial Average
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The Fed trying to "zig," or tighten policy while the rest of the world "zagged," or aimed to ease monetary policy, has been preventing the S&P from holding above 2,000, according to Sarge986 president Stephen Guilfoyle. Investors sought growth and price appreciation elsewhere, he said.
"Take a look at India's stock market this year, for instance," said Guilfoyle. "Investors will be looking for where they can get the most bang for their investment, and they are not sure about U.S. equities right now. Still the best dirty shirt in the hamper, just not with monetary policy on their side."
Yahoo! (YHOO) was up 4.39% and AOL (AOL) popped 3.68% after Starboard Value LP announced it had acquired a significant ownership stake in Yahoo! and urged the company to explore a strategic combination with AOL.
Positive earnings reactions to Micron Technology (MU) and BlackBerry (BBRY) energized a strong tech group rally, said Schaeffer's senior vice president of research, Todd Salamone.