A strong week for stocks ended on a quiet note Friday. The main market indexes have carved out solid gains for the week thanks to encouraging inflation readings and the Federal Reserve's talk of potential rate cuts coming next year. Today, the action was a little more subdued as market participants digested this week's red-hot rally.
At Friday's finish, the Dow Jones Industrial Average was up 0.2% to 37,305, a new record close. The Nasdaq Composite rose 0.4% to 14,813, while the S&P 500 ended with a fractional loss at 4,719. All three indexes closed higher for a seventh straight week, the longest such stretch for the S&P 500 since November 2017.
