By STAN CHOE, AP Business Writer

NEW YORK (AP) — Wall Street is coasting toward the finish of its best week in the last five on Friday as U.S. stocks hang near their record levels.

The S&P 500 slipped 0.1% from the all-time high it set the day before. The Dow Jones Industrial Average was down 117 points, or 0.3%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.2% higher. Both likewise set records the day before.

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. Such a move would give the economy a kickstart, and mortgage rates have already dropped in anticipation of it.

Expectations for a cut have built as recent reports suggested the U.S. job market could be hitting the pr

See Full Page