The U.S. stock market was declining midday Friday, but all three major benchmarks remained on course for weekly gains after a sharp rally in the wake of the Federal Reserve’s rate cut on Wednesday.
Stocks looked set to tick lower on Friday, with S&P 500 and Dow futures pointing to both gauges edging away from the record levels they'd set in the previous trading session.
The Dow Jones Industrial Average closed modestly higher Friday to notch a fresh record high, with major benchmarks booking weekly gains in the wake of the Federal Reserve’s large interest-rate cut on ...