How major US stock indexes fared Friday, 1/12/2024

Wall Street drifted to a mixed finish as it closed out its 10th winning week in the last 11

Wall Street drifted to a mixed finish as it closed out its 10th winning week in the last 11.

The S&P 500 ended Friday up 0.1% and remains within 0.3% of its record after earnings season kicked off with mixed results from Delta Air Lines and others. The Dow fell 0.3%, dragged down by UnitedHealth Group. The Nasdaq was little changed.

Bond yields sank after a report showed inflation at the U.S. wholesale level was weaker than expected. That bolstered expectations for upcoming cuts to rates by the Federal Reserve. Crude oil rose on worries about potential disruptions to supplies.

On Friday:

The S&P 500 rose 3.59 points, or 0.1%, to 4,783.83.