New York — U.S. stocks are edging back from record levels on Friday, led by drops for technology companies, but Wall Street is still heading toward the finish of another winning week.

The S&P 500 slipped 0.1% from the all-time high it set the day before, though it remains on track for its fourth winning week in the last five. The Dow Jones Industrial Average rose 124 points, or 0.3%, hovering around its own record, which was set in December. The Nasdaq composite was down 0.3%, as of 2:36 p.m. Eastern time.

The U.S. stock market set records this past week as expectations built that the Federal Reserve will deliver a cut to interest rates at its next meeting in September. Lower rates can boost investment prices and the economy by making it cheaper for U.S. households and businesses to bor

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