The Dow Jones Industrial Average slipped on Friday, dragged down by Intel’s disappointing forecast as investors dialed back risk ahead of the weekend. The index dropped 288.51 points, or 0.58%, closing at 49,095.50. Meanwhile, the S&P 500 inched up 0.03%, and the Nasdaq gained 0.27%, based on preliminary data. S&P Global’s flash PMI indicated steady business activity in January, while a University of Michigan survey revealed a boost in consumer sentiment. “We feel pretty good about where we are today,” said Jason Blackwell, chief investment strategist at Focus Partners Wealth.
