Stock Market Today: Stocks Finish Mixed Ahead of Fed Week

Intel fell sharply after giving weak Q1 guidance, while fellow Dow Jones stock American Express popped on its strong full-year forecast.

closeup of black stock chart with orange moving average and red and green volume bars
(Image credit: Getty Images)

Market participants failed to make big moves Friday as Wall Street looks ahead to next week's Federal Reserve meeting. Still, there was plenty of news hitting the wires, including the latest inflation update and another round of corporate earnings reports.  

Ahead of the open, the Bureau of Economic Analysis said the Personal Consumption and Expenditures (PCE) index, the Fed's favorite inflation indicator that measures consumer spending, was up 0.2% month-over-month in December, well above the 0.1% decline from November. The 2.6% annual rise matched what was seen the month prior.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.