U.S. stocks were mixed even as the tech sector rebounded after recent selloffs. The S&P 500 and the Dow closed lower, while the Nasdaq finished in the green.
Shares of Facebook Inc. (FB) - Get Facebook, Inc. Class A Report rose after Evercore ISI said the social media giant will lead the "FANG" stocks higher in 2018 with no correction in sight. The firm initiated coverage of Facebook with a $225 price target and an "Outperform" rating.
Bitcoin climbed above $13,000 in afternoon trading. The volatile cryptocurrency reached its new record high less than 24 hours after $12,000.