EDITOR'S NOTE
The back and forth between the White House and congressional Democrats left the broader market struggling to find traction once again.
The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were all little changed on Friday after Treasury Secretary Steven Mnuchin said House Speaker Nancy Pelosi “is still dug in” on a number of issues.
Mnuchin added, “If she wants to compromise, there will be a deal. But we've made lots of progress in lots of areas, but there's still some significant areas that we're working through."
The major averages all closed lower for the week, with the Nasdaq snapping a four-week winning streak. The Dow and S&P 500 posted their first weekly decline in four weeks. 
Tech had an uncharacteristically tough week, as the Technology Select Sector SPDR Fund (XLK) dropped more than 2% over that time period and posted its first weekly loss in five weeks. Some investors in the space are growing concerned that a Democratic sweep in the Nov. 3 elections could put pressure on tech.
"We see a Democratic sweep as having the most uncertainty and tail risk for [the] large-cap internet sector," Bank of America analysts said in a note. Specifically, the analysts think a "Blue Wave" could lead to higher taxes and tougher regulation for tech companies.
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