Stocks Close Mixed As Fed Official Says This On Rate Cuts; Taiwan Semi Soars On Sales Report

The major market indexes closed mixed Friday as investors awaited a key inflation report next week. Meanwhile, a top Fed official said it was too early to think of cutting interest rates after Friday's inflation data. The Dow Jones Industrial Average rose 0.3% on the stock market today, while the S&P 500 held a smaller 0.2% gain in the stock market today. The tech-dominated Nasdaq gave up morning gains and was almost unchanged at closing bell.