A strong week for stocks ended on a quiet note Friday. The main market indexes have carved out solid gains – and new record highs – this week thanks to the Federal Reserve's relatively dovish rate-cut outlook, but today's price action was more subdued.
At the end of today's trading, the Nasdaq Composite was up 0.2% at 16,428 – a new record close. The S&P 500 (-0.1% at 5,234) and the Dow Jones Industrial Average (-0.8% at 39,475), on the other hand, retreated from Thursday's record highs, on weakness in Nike (NKE) shares.
