Major U.S. stock-indexes lower in late morning trading on Friday as investors assess valuations after a three-day rally spurred by optimism that the Federal Reserve will hold off from raising interest rates in the near term.

Almost all of Dow stocks in negative area (20 of 30). Top gainer - NIKE, Inc. (NKE, +0.47%). Top loser The Procter & Gamble Company (PG, -1.22%).

All S&P sectors also in negative area. Top loser - Basic Materials (-0.8%).

At the moment:

Dow 18235.00 -64.00 -0.35%

S&P 500 2161.75 -6.50 -0.30%

Nasdaq 100 4872.75 -13.50 -0.28%

Oil 44.96 -1.36 -2.94%

Gold 1341.30 -3.40 -0.25%

U.S. 10yr 1.62 -0.01