The Standard & Poor's 500 index edged down 0.2% this week as gains in the energy, technology and financial sectors were outweighed by declines elsewhere.

The market benchmark ended Friday's session at 5,967.84. It is now up 1% for the month and 1.5% this year.

The Federal Reserve on Wednesday kept its benchmark lending rate unchanged for a fourth straight meeting while sticking to its federal funds rate outlook for 2025 amid higher inflation expectations. Policymakers continue to see the median federal funds rate at 3.9% at the end of this year, indicating potential easing in 2025. They raised their 2026 rate outlook to 3.6% from 3.4% projected in March and to 3.4% from 3.1% for 2027.

The health care sector had the largest percentage drop of the week, falling 2.7%, followed by a 1.7% drop in communication services and a 1.2% loss in materials. Utilities, consumer discretionary, real estate, consumer staples and industrials also declined.

Decliners in health care included shares of Eli Lilly (LLY), which fell 6.9%. The company said it was planning to appeal against the UK's National Institute for Health and Care Excellence's, or NICE's, decision not to reimburse the cost of Alzheimer's drug Kisunla under the National Health Service. The drugmaker said the regulator's decision is "unreasonable" based on the evidence submitted by the company, clinical experts and patient groups.

Google parent Alphabet's (GOOG, GOOGL) shares led the drop in communication services, falling 4.6%. Google suffered a setback after the European Court of Justice's advocate general recommended that the court dismiss the tech giant's appeal to overturn an antitrust fine of 4.12 billion euros ($4.75 billion). Google is also under investigation by Turkish competition authorities for allegedly using its Performance Max advertising platform to unfairly extend its dominance in the online advertising market.

In materials, Steel Dynamics (STLD) shares shed 5.7% as the steel producer forecast fiscal Q2 earnings below analysts' expectations.

Energy had the largest percentage increase on a weekly basis, climbing 1.1%, followed by a 0.9% rise in technology and a 0.8% increase in financials.

The energy climb came as crude oil futures rose amid turmoil in Iran. Gainers included EQT (EQT), which rose 6.3%, and Valero Energy (VLO), up 5.2%.

Jabil (JBL) was the top performer in the technology sector, jumping 17% on the week as the company reported Q3 diluted core earnings and revenue ahead of analysts' consensus expectations and raised its fiscal 2025 outlook.

Among financials, Coinbase Global (COIN) shares soared 27%. The company said it has secured the Markets in Crypto Assets license from the Luxembourg Commission de Surveillance du Secteur Financier. Coinbase said the license allows it to provide crypto products and services to all 27 European Union member states.

Next week, the earnings calendar features Micron Technology (MU), Nike (NKE), FedEx (FDX), Carnival (CCL), Paychex (PAYX) and General Mills (GIS).

Economic data will include May existing, pending and new home sales; the second revision to Q1 gross domestic product; and the May personal consumption expenditures index, a closely watched inflation measure.