How major US stock indexes fared Friday, 1/26/2024
Wall Street closed its latest winning week with a mixed finish, as drops for technology stocks dragged on the market.
The S&P 500 slipped 0.1% Friday. It’s the first decline for the index after it set record highs for five straight days. The Dow Jones Industrial Average rose 0.2%, while the weakness for tech stocks dragged the Nasdaq composite down 0.4%.
Intel and KLA helped undercut stocks of chip-related companies following their latest forecasts for upcoming revenue. Treasury yields rose modestly after another report suggested inflation is cooling while the economy keeps powering higher.
On Friday:
The S&P 500 fell 3.19 points, or 0.1%, to 4,890.97.
The Dow Jones Industrial Average rose 60.30 points, or 0.2%, to 38,109.43.
The Nasdaq composite fell 55.13 points, or 0.4%, to 15,455.36.
The Russell 2000 index of smaller companies rose 2.45 points, or 0.1%, to 1,978.33.
For the week:
The S&P 500 is up 51.16 points, or 1.1%.
The Dow is up 245.63 points, or 0.6%.
The Nasdaq is up 144.40 points, or 0.9%.
The Russell 2000 is up 33.94 points, or 1.7%.
For the year:
The S&P 500 is up 121.14 points, or 2.5%.
The Dow is up 419.89 points, or 1.1%.
The Nasdaq is up 444.01 points, or 3%.
The Russell 2000 is down 48.74 points, or 2.4%.
