US stocks closed mixed on Friday as the excitement from the recent Federal Reserve interest rate cut faded, with the Dow Jones Industrial Average reaching a record high while the S&P 500 and Nasdaq saw declines amid ongoing economic concerns.
US stocks struggled on Thursday with the Nasdaq and S&P 500 falling amid concerns over AI investment returns and disappointing tech earnings, while the Dow Jones saw a modest gain; traders are now anticipating Federal Reserve rate cuts based on recent economic data.