The heavyweight tech sector .SPLRCT fell while the healthcare sector .SPXHC was dragged down by a weak profit forecast from Abbott Laboratories ABT.N. "People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary," Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. Stock markets on Friday brushed off a surge in key inflation readings for April following reassurances from Federal Reserve officials that the central bank's ultra-loose monetary policy would remain in place.