The Dow Jones Industrial Average edged up to another record high while declines in tech stocks pulled other indexes lower.
The Dow added 0.3 percent Friday. The S&P 500 slipped 0.1 percent, a day after setting an all-time high for the 42nd time this year. The Nasdaq composite gave back 0.4 percent.
The market closed out another winning week as hopes hold that the economy can pull off the feat of getting painfully high inflation under control without a recession. Treasury yields eased after a report showed inflation and growth in consumer spending slowed by a touch more than expected.
On Friday:
The S&P 500 fell 7.20 points, or 0.1 percent, to 5,738.17.
The Dow Jones Industrial Average rose 137.89 points, or 0.3 percent, to 42,313.
The Nasdaq composite fell 70.70 points, or 0.4 percent, to 18,119.59.
The Russell 2000 index of smaller companies rose 14.83 points, or 0.7 percent, to 2,224.70.
For the week:
The S&P 500 is up 35.62 points, or 0.6 percent.
The Dow is up 249.64 points, or 0.6 percent.
The Nasdaq is up 171.27 points, or 1 percent.
The Russell 2000 is down 3.18 points, or 0.1 percent.
For the year:
The S&P 500 is up 968.34 points, or 20.3 percent.
The Dow is up 4,623.46 points, or 12.3 percent.
The Nasdaq is up 3,108.24 points, or 20.7 percent.
The Russell 2000 is up 197.63 points, or 9.7 percent.
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