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The Dow Jones Industrial Average closed modestly higher Friday to notch a fresh record high, as major U.S. stock benchmarks booked weekly gains in the wake of the Federal Reserve’s large interest-rate cut on Wednesday.
The Dow Jones rose 38.17 points, or 0.1%, to close at 42,063.36.
The S&P 500 slipped 11.09 points, or 0.2%, to finish at 5,702.55.
The Nasdaq Composite fell 65.66 points, or 0.4%, to end at 17,948.32.
For the week, the Dow rose 1.6%, the S&P 500 climbed 1.4% and the technology-heavy Nasdaq advanced 1.5%. All three benchmarks logged back-to-back weekly gains and are now up in September.
The Dow has a monthly gain of 1.2%, while the S&P 500 has risen 1% so far this month, and the Nasdaq has climbed by 1.3% this month to date.
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