U.S. stocks finished mostly lower on Friday, as the S&P 500 and Nasdaq slipped at the end of what was otherwise a strong week on Wall Street. The Dow Jones Industrial Average finished higher, but missed what would have been its first record close of 2025.

U.S. stocks advanced to mark new record closes on Wednesday, while the Dow Jones (DJI) ended just 91.77 points away from its record close, as a rally sparked by heightened expectations for Federal Reserve rate cuts continued.