The stock market was mixed early Friday as traders prepared to close another record-setting week, the Associated Press reports. They will now await the Federal Reserve’s next decision on interest rates, coming next Wednesday.
Futures for the S&P 500 were essentially unchanged, while futures for the Dow Jones Industrial Average lost 0.2% and Nasdaq futures gained 0.1%.
Markets are mostly banking that the Fed will cut interest rates next week in a needed boost to the economy.
RH shares slid 7% after the company formerly known as Restoration Hardware missed sales and profit targets and lowered its full-year guidance due to the impacts of tariffs.
Microsoft rose 0.1% after European Union regulators accepted the tech giant’s proposed changes to its Teams platform, resolving a long-running antitrust investigation.
