The S&P 500 and the Dow came off session lows in early afternoon on Friday, but continued to be weighed down by energy and healthcare stocks, while a record-setting rally in Microsoft kept the Nasdaq in positive territory. Also dampening sentiment was GE, which cut its full-year revenue growth target, narrowed its profit forecast and gave a dour commentary on the economy. GE's (GE.N) shares were off 1.5 percent, trading at their lowest since February and weighing on other industrials.

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