US stocks mixed, ending S&P 500 streak of records
Wall Street stocks finished mixed on Friday, ending the S&P 500's streak of records following moderate inflation data and uneven corporate earnings. The personal consumption expenditures price index rose at an annual rate of 2.6 percent last month, unchanged from November, data that is expected to keep Federal Reserve interest rates level. Meanwhile, corporate earnings produced outsized moves in both directions, with Intel sinking nearly 12 percent but American Express winning 7.1 percent. The Dow Jones climbed 0.2 percent to 38,109, eking out a fresh record. But the S&P 500 slipped 0.1 percent to 4,890, snapping a four-day streak of records. The Nasdaq dropped 0.4 percent to 15,455. Among individual companies, JetBlue Airways jumped 3.6 percent after disclosing that it informed Spirit Airlines that its proposed takeover could be terminated on January 28 following an unfavourable US court ruling. Spirit sank 13.5 percent. JPMorgan Chase dropped 0.4 percent after announcing a spate of new senior executive appointments. The move has been seen as preparing possible successors to longstanding CEO Jamie Dimon. Analysts are looking ahead to a busy period next week that includes a Fed meeting and earnings from Amazon, Microsoft and other large technology companies. (AFP)