U.S. stocks were mixed after investors were whipsawed in part by volatile trading in high risk assets such as Bitcoin amid lingering concerns about the outlook for inflation. Oil rose for the first time in four trading sessions.

The S&P 500 closed little changed after erasing earlier gains when Philadelphia Fed President Patrick Harker said the central bank should speak about reducing bond buying sooner rather than later. The tech-heavy Nasdaq 100 finished lower, while the Dow Jones Industrial Average gained as investors shifted from growth to value favorites such as Boeing. Bitcoin resumed its selloff Friday after China reiterated a warning that it intends to crack down on cryptocurrency mining as part of an effort to control financial risks.

“For people to say Bitcoin shouldn’t influence equity prices on a short-term basis, that’s crazy,” said Tom Essaye, a former Merrill Lynch trader who founded “The Sevens Report”…

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