U.S. stocks closed nearly unchanged on Friday, as investors paused buying after a strong rally in the prior session that was fuelled by an upsized interest rate cut by the Federal Reserve, while Nike’s gains helped nudge the Dow to a record high.
After notching their biggest daily percentage gains since mid-August, major averages were subdued for most of the session but managed to secure weekly gains of at least 1%.
The Dow Jones Industrial rose 0.09 percent, the S&P 500 lost 0.19 percent, and the Nasdaq Composite lost 0.36 percent.