Jan 24, 2025
S&P 500, Nasdaq flat as investors assess economic data; Boeing slips
The benchmark S&P 500 and the Nasdaq struggled for direction on Friday, as investors avoided big bets and assessed fresh data to gauge the health of the economy, while Boeing dipped after issuing a quarterly profit warning. A S&P Global survey showed that business activity slowed to a ninth-month low in January amid rising price pressures, but firms reported higher hiring, supporting the Federal Reserve's cautious approach to monetary policy this year. At 10:16 a.m. ET, the Dow Jones Industrial Average fell 101.48 points, or 0.24%, to 44,459.53, the S&P 500 lost 3.62 points, or 0.06%, to 6,115.09 and the Nasdaq Composite lost 17.56 points, or 0.09%, to 20,034.29.