Dow is getting closer to the hike before reshuffling the index

NEW YORK (Reuters) – Industrials led the Dow to a new high on Friday, ahead of Monday's sectoral reshuffle, ending a week that largely ignored trade concerns.

Trading volume reached its highest level since February 9 in anticipation of S & P 500 sector change, when telecommunications will be integrated into a new sector called communication services, as well as high-impact titles such as Facebook Inc (FB.O) and Walt Disney Co (DIS.N).

As the Dow closed higher, the S & P 500 and Nasdaq ended the session in negative territory. S & P and the Dow posted weekly gains, with the Dow posting its strongest weekly growth rate in two months. The Nasdaq lost ground last week.

Quadruple witching, when stock options and futures contracts mature, and the rebalancing of the S & P 500 and Russell 2000 indices has also helped to increase traffic.

"Index funds have anticipated many of these changes, and they are prepared for them," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. "But a lot of things happen."

Boeing Co (PROHIBIT), the largest exporter from the United States to China, has boosted trade-sensitive industrial values ​​.SPLRCI. The sector led the advance of the Dow.

Long-term US Treasury yields have declined due to Brexit fears, even though the US Federal Reserve planned to raise its key rates next week. .SPSY financials fell, ending their recent recovery.

"Whenever there is a rate hike, we are seeing a flattening of the yield curve, which is not good for financial services," Ghriskey said.

The Dow Jones Industrial Average rose 86.52 points, or 0.32%, to 26,743.5, the S & P 500 .SPX lost 1.08 percentage points, or 0.04%, to 2,929.67 and the Nasdaq Composite .IXIC lost 41.28 points, or 0.51%, to

The telecommunication sector .SPLRCL rose 1% on its last trading day as a major S & P sector.

All current FAANG shares closed lower, with Facebook, Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O), Netflix Inc (NFLX.O) and Google parent Alphabet Inc (GOOGL.O) between 1.1% and 1.9%.

Actions of ADT Security and Alarm Company Inc (ADT.N) jumped for a second consecutive day, closing up 5% while Amazon launched its new Alexa Guard service that could notify ADT of disturbances at home.

McDonald's Corp (MCD.N) rose 2.8% after announcing an increase in its quarterly dividend of 15%.

Under Armor Inc (UAA.N) gained 2.9% following an upgrade of JPMorgan Chase.

A 2.9% decline in Micron's shares (MU.O) helped drive down chip makers after the company said that US tariffs on Chinese products would weigh on its financial results for a year.

Actions of Pier 1 Imports Inc (PIR.N) fell 19.9% ​​after the furniture retailer reduced its forecast for the second quarter.

The increase in issues outnumbered the NYSE's declines by a ratio of 1.04 to 1; on the Nasdaq, a ratio of 1.21 to 1 favored declines.

The S & P 500 posted 56 new 52-week highs and 1 new low; The Nasdaq Composite recorded 64 new highs and 46 new lows.

The volume of trade in the United States was 10.77 billion shares, nearly 64% higher than the average of 6.57 billion in the last 20 trading days.