NEW YORK (AP) — Wall Street is coasting toward the finish of its best week in the last five as U.S. stocks hang near their record levels. The S&P 500 slipped 0.1% in early trading Friday after setting an all-time high for the third straight day. The Dow Jones Industrial Average was down 0.2%, and the Nasdaq composite was up 0.1%. Stocks have rallied with expectations that the Federal Reserve will cut its main interest rate for the first time this year at its meeting next week. RH dropped after the furniture retailer said tariffs and a weak housing market are forcing it to cut its forecasts.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

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