How major US stock indexes fared Friday, 10/27/2023

Stocks closed lower on Wall Street, pulling the S&P 500 down 10% from the peak it reached in July. That puts the benchmark index into what’s called a "correction." The declines came amid the latest batch of earnings from big technology and energy companies and some mixed readings on the economy. The S&P 500 fell 0.5% Friday, its 10th loss in the last 12 days. The Dow fell 366 points, and the Nasdaq composite rose 0.4%. Treasury yields held steady following a mixed report on inflation, consumer spending and incomes. Higher yields in the bond market have been helping to knock stocks lower since the summer.