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 percent 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 percent, while the weakness for tech stocks dragged the Nasdaq composite down 0.4 percent.
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 percent, to 4,890.97.
The Dow Jones Industrial Average rose 60.30 points, or 0.2 percent, to 38,109.43.
The Nasdaq composite fell 55.13 points, or 0.4 percent, to 15,455.36.
The Russell 2000 index of smaller companies rose 2.45 points, or 0.1 percent, to 1,978.33.
For the week:
The S&P 500 is up 51.16 points, or 1.1 percent.
The Dow is up 245.63 points, or 0.6 percent.
The Nasdaq is up 144.40 points, or 0.9 percent.
The Russell 2000 is up 33.94 points, or 1.7 percent.
For the year:
The S&P 500 is up 121.14 points, or 2.5 percent.
The Dow is up 419.89 points, or 1.1 percent.
The Nasdaq is up 444.01 points, or 3 percent.
The Russell 2000 is down 48.74 points, or 2.4 percent.
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