Wall Street Muted at Open After Inflation Data; Intel Tumbles

January 26, 2024Updated: January 27, 2024

Wall Street’s main indexes were subdued at the open on Friday as an in-line inflation print, signaling continued moderation in price pressures, helped offset an earnings gloom after a dour revenue forecast from Intel.

The Dow Jones Industrial Average fell 42.45 points, or 0.11 percent, at the open to 38,006.68. The S&P 500 opened lower by 5.25 points, or 0.11 percent, at 4,888.91, while the Nasdaq Composite dropped 35.64 points, or 0.23 percent, to 15,474.85 at the opening bell.

What to Know About the FAA’s Decision to Ground Flights Nationwide
RELATED
Oil Near 2024 High on US Economic Growth, Mideast Concerns