How major US stock indexes fared Friday, 2/2/2024

Big Tech stocks carried Wall Street to another record high, even as many stocks fell amid worries about the downside of a too-hot economy. Big gains for Meta Platforms and Amazon pushed the S&P 500 index up 1.1% Friday. They also vaulted the Nasdaq composite up by 1.7%. The Dow Jones Industrial Average rose a more modest 0.3%, and more stocks fell overall on Wall Street than rose. A strong jobs report pushed traders to further delay expectations for when the Federal Reserve may deliver the cuts to interest rates they desire. Treasury yields rose in the bond market.