The S&P 500 closed up by 0.03%, the Dow Jones down by 0.58%, and the Nasdaq up by 0.34% on Friday. The Magnificent Seven tech stocks rallied, leading the broader market higher after early losses. Intel’s -17% plunge initially caused a drop. US consumer sentiment hit a 5-month high, while bond yields decreased. Precious metal prices hit record highs, boosting mining stocks. Crude oil rose over 2% on threats to Iran and Iraq. President Trump’s comments on Greenland and Q4 earnings season also impacted the market. The Supreme Court did not rule on Trump’s tariffs, and the FOMC is unlikely to cut rates in January. Overseas markets closed higher on Friday. Bond yields increased in Europe. Stock movers included Microsoft, Amazon, and mining stocks. Syringe makers fell after Novo Nordisk launched a new medication. Booz Allen Hamilton and Fortinet saw gains, while Capital One and Safehold Inc. faced losses. Earnings reports for January 26th included AGNC Investment Corp, Nucor Corp, and Sherwin-Williams Co.

Read more at Barchart: Stocks Finish Mostly Higher Despite a Plunge in Intel