Wall Street finished the week on a quiet note yesterday after a wild week that saw big swings in stock prices and a hike in short-term interest rates by the Federal Reserve.

"You might say the market is digesting the gains," said Rao Chalasani, chief investment strategist for First Union Securities.

The Dow Jones ended with a small loss of 7.14, or 0.06 per cent, at 11,112.72. For the week, the blue-chip index climbed 517.49 points, or 4.9 per cent, moving back above 11,000 for the first time in six weeks.

The Standard & Poor's 500 stock index rose 0.11, or 0.01 per cent,

to end at a record high of 1,527.46. The S&P, a benchmark widely used by professional money managers, finished at record levels each day from Tuesday to Friday.

The Nasdaq rose 22.42, or 0.45 per cent, to 4,963.03.

For the week, the index rose 165 points, or nearly 3.45 per cent.

Declines were more numerous than advances on both the New York Stock Exchange and the Nasdaq market.