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.