NEW YORK (AP) — Wall Street coasted to the finish of its best week in the last five. The S&P 500 barely budged on Friday and edged down by less than 0.1% from its latest all-time high. The Dow Jones Industrial Average dipped 0.6%, and the Nasdaq composite rose 0.4%. Stocks have rallied to records with expectations that the Federal Reserve will cut interest rates next week for the first time this year. Treasury yields rose in the bond market to recover some of their sharp drops from earlier in the week, which came after economic reports seemed to cement the case for a rate cut.

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

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