Stock Market Rally Falters, Dow Jones Drops While S&P 500 and Nasdaq Trade Near Highs

The Dow Jones Industrial Average fell by 0.2% on Friday, but still managed to gain 1.3% over the week, marking its third straight week of gains. The Nasdaq rose by 2.8% and the S&P 500 gained 2.4% over the week. Intel was the best-performing stock on the Dow after announcing a new chip plant in Poland, while Disney was the worst-performing stock after a top executive left amid restructuring rumors. Apple reached an intraday all-time high before falling back 0.6%. The University of Michigan Consumer Sentiment Index came in higher than expected, indicating consumer confidence in the economy.