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%.