NEW YORK — U.S. stocks edged back from their record levels on Friday in a quiet finish to another winning week.
The S&P 500 slipped 18.74 points, or 0.3%, to 6,449.80, down from the all-time high it set the prior day as it closed its fourth winning week in the last five. The Dow Jones Industrial Average flirted with its own record, set in December, before ending just below the mark with a rise of 34.86 points, or 0.1%, to 44,946.12. The Nasdaq composite dipped 87.69 points, or 0.4%, to 21,622.98, though it's still near its record set Wednesday.
The U.S. stock market reached all-time highs 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 but also risk