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US stocks were mixed Friday, with the Dow closing at a record high while the S&P 500 and Nasdaq edged lower.
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All three major averages achieved a three-week win streak as investors cheer a resilient economy and cooling inflation.
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Investors await key jobs data next week, including the September jobs report on Friday morning.
US stocks were mixed on Friday, with the Dow Jones closing at a new all-time high while the Nasdaq 100 and S&P 500 traded lower.
Despite Friday’s mixed trading, all three major averages notched a three-week win streak as investors continue to bid up stocks on a resilient economy, Fed interest rate cuts, and cooling inflation.
Investors got more evidence of cooling inflation with the release of the PCE index on Friday, which is considered the Fed’s preferred measure of inflation.
The personal consumption expenditures price index increased by 0.1%…
