Posted 1/26/2024, 9:14:07 PM
Stocks Close Mixed as Intel Drags Tech Lower, AmEx Surges to Record High
- Stocks ended mixed Friday - Nasdaq fell 0.4%, S&P dipped 0.1%, Dow rose 0.2% - Inflation slowed more than expected in December, boosting stocks initially
- Intel shares plunged 11.9% on disappointing earnings guidance, weighing on chip stocks
- American Express jumped to record high after beating 2024 EPS forecasts and hiking dividend
- Visa slipped despite earnings beat as payment volumes declined last quarter and early January