The S&P 500 retreated Friday after the latest inflation report came in hotter than anticipated.
The Dow Jones Industrials gained 63.01 points to kick off the week's last session at 35,239.16. The Dow is an outlier of the three major averages, on track for a 0.4% gain this week.
The much-broader index docked 0.81 points to 4,468.02.
The NASDAQ Composite fell 39.12 points to 13,698.87, pulled down by a sell-off in semiconductor stocks such as Advanced Micro Devices, Nvidia and Micron.
The S&P 500 is slated to lose 0.5% on the week and the NASDAQ is bound for a decline of 1.9%. Both are on pace for their second straight losing week — a first of that length for the technology-heavy NASDAQ since the conclusion of a four-week losing streak in December 2022.
July's producer price index rose 0.3% from the previous month. Economists polled by Dow Jones expected the report, which is closely followed by the
Prices for the 10-year Treasury faded slightly, raising yields to 4.12% from Thursday's 4.11%. Treasury prices and yields move in opposite directions.
Oil prices picked up 46 cents to $83.28 U.S. a barrel.
Gold prices handed back 10 cents to $1,948.80 U.S. an ounce.