Major indices are mixed and have been pulling back throughout the day.

The Ten-Year Yield (TNX) rose 5.9 basis points to 4.53%.

Overall, Mega cap stocks are mostly leading the market lower.

Seven out of eleven sectors are in the green. Energy (XLE) is leading the way up, as oil is also moving higher. Consumer Discretionary (XLY) is the laggard, followed by Communication Services (XLC).

Another boon for the Energy sector is an announcement Friday of a new National Energy Dominance Council tasked with ensuring that production, generation, and distribution are improved, along with red tape cutting.

In Saudi Arabia, U.S. and Russian officials held a meeting to discuss peace plans for Ukraine and lifting of some sanctions placed on Russia.