Stocks Mostly Up as Inflation Cools, Consumer Spending Rises; Intel Drags on Tech
- U.S. stocks near record highs, on track for 12th winning week in 13
- Intel stock drops 11% on weak revenue and profit forecasts
- Visa stock down despite better-than-expected results
- Inflation data suggests cooling, while consumer spending strengthens
- Fed likely to hold rates steady next week, but cuts possible later in 2023