Stock market today: Wall Street finishes a winning week just shy of a record
1 month, 1 week ago

Stock market today: Wall Street finishes a winning week just shy of a record

Associated Press  

NEW YORK — Wall Street edged back from its all-time high on Friday, as U.S. stock indexes drifted following mixed profit reports from big companies. The S&P 500 still closed out its first winning week in the last three thanks in part to reports showing companies made even fatter profits at the end of 2024 than analysts expected. Besides squeezing tighter on U.S. households’ budgets, such stubbornly high inflation is likely to keep the Federal Reserve on hold for a while when it comes to providing relief through lower interest rates. That opens the door the negotiations.” The market’s remarkable equanimity, of course, could be dangerous if things don’t go according to Wall Street’s expectations, or if it emboldens Trump to make even more forceful moves.

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