The preferred indicator for measuring potential inflation by the Federal Reserve, the core PCE price index excluding food and energy, rose by 0.1%, lower than market expectations. On Friday, the three major U.S. stock indices each had different movements, with the Dow reversing its gains. It rose to a new intraday high of 42,628 points, then closed with a gain of 137 points at 42,313 points, also setting a new closing record high.

The S&P 500 index closed down 7 points or 0.1% at 5,738 points; the Nasdaq closed down 70 points or 0.4% at 18,119 points. For the week, both the S&P 500 index and the Dow rose by 0.6%, while the Nasdaq surged by nearly 1%.

Chip stocks weakened, with Nvidia (NVDA.US) falling by 2.2% after reports that China is advising local companies against purchasing its chips. Intel (INTC.US) reversed its gains and closed down by 0.2% after reports of reaching an arrangement with the U.S. government for nearly $20 billion in subsidies and loans within the year.

Technology stocks had individual developments, with Tesla (TSLA.US) rising by 2.5%. Apple (AAPL.US) inched up by 0.1%. Microsoft (MSFT.US) fell by 0.8%, while Amazon (AMZN.US) dropped by 1.7%.

After a 12% setback due to reports of an investigation, Super Micro Computer (SMCI.US) rebounded by 4.3% throughout Friday. Costco (COST.US) exceeded profit expectations in the last quarter, but its stock price fell by 1.8%.