On Friday, January 26th, U.S. stock markets closed mixed as the S&P 500’s five-session record streak ended, influenced by a decline in Intel’s (NASDAQ:INTC) stock following its disappointing revenue forecast.
Intel reported upbeat results for its fourth quarter but issued a weak forecast for the first quarter.
In economic data, December’s PCE inflation rate remained steady at 2.6%, with a monthly increase of 0.2%. U.S. pending home sales in December unexpectedly surged 8.3%, far exceeding the 1.5% estimate and contrasting with November’s revised 0.3% decrease.
The Dow Jones Industrial Average gained 0.16% and closed at 38,109.43, the S&P 500 declined ...