US stocks snapped a three-week run of gains on Friday as investors continued to fret about stretched valuations in the tech sector, but saw a silver lining in Washington lawmakers restarting negotiations over the government shutdown.

The S&P 500 Index finished 0.1% higher in New York, paring a decline of more than 1.3% earlier in the session as traders assessed signs that the US government shutdown is nearing its end. The benchmark traded below its 50-day moving average earlier in the session. The tech-heavy Nasdaq 100 Index dropped 0.3%, also ending a three-week win streak. Block Inc., Microchip Technology Inc. and Take-Two Interactive Software Inc. were some of the biggest decliners.

Meanwhile, the Cboe Volatility Index hovered around 19. It had gone above 20 earlier in the session, a

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