"Market Highs and Lows: S&P 500 Soars, Intel Drags Down Nasdaq and Dow Jones"

The S&P 500 reached a new high after the release of in-line inflation data, indicating a continued moderation in price pressures, while the Nasdaq was dragged down by a decline in chip stocks following Intel's pessimistic revenue forecast. The U.S. Commerce Department's report showed moderate inflation in December, supporting the case for potential rate cuts this year. Despite Intel's slump, the S&P 500 is on track for its third consecutive week of gains, with the technology sector leading losses. Additionally, American Express jumped to a record high after forecasting higher-than-expected annual profit, while Visa declined due to a tepid revenue growth forecast.