Stock market today: Wall Street hangs around its record highs as earnings reports come in mixed

NEW YORK — U.S. stocks are hanging around their records after Netflix jumped and CVS Health slid amid mixed reports on profits. The S&P 500 was up 0.2% in early trading Friday and flirting with its all-time high set early this week. The Dow Jones Industrial Average was down 76 points, or 0.2%, a day after setting its own record. The Nasdaq composite was up 0.5%. Netflix rose 8.7% after reporting stronger profit than analysts expected. That helped offset a 7.

CVS cut its financial expectations for the third time in August with all major pharmacy chains attempting to navigate a drastically changed landscape, facing competition online and elsewhere. More strong economic data from the U.S. this week has boosted hopes that the economy could make a perfect escape from the worst inflation in generations, one that ends without a recession that many investors had seen as nearly inevitable. And with the Federal Reserve now cutting interest rates to keep the economy humming, the expectation among optimists is that stocks can rise even further.

The Chinese economy slowed further in the last quarter, data released Friday showed. That spurred expectations the government will ramp up its latest stimulus efforts. The loans, which can be made only by 21 designated financial institutions, will have a maximum interest rate of 2.25%, the People’s Bank of China said in a statement that underscored plans for strict oversight of the effort to support the markets.

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Stock market today: Wall Street ends mixed even as the Dow ekes out another recordNEW YORK (AP) — U.S. stocks ended on a mixed note following the latest signals that the U.S. economy continues to hum. The S&P 500 closed little changed Thursday. The Dow Jones Industrial Average added 0.
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Stock market today: Wall Street leaps toward records as jubilation sweeps markets worldwideNEW YORK (AP) — Wall Street is roaring toward records Thursday as a delayed reaction of jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.
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Stock market today: Wall Street drifts near its records as FedEx slumps and Nike sprints higherNEW YORK (AP) — Wall Street is quieter on Friday, and U.S. stocks are drifting after they leaped to records the day before during a worldwide rally.
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Stock market today: Wall Street wavers a day after setting record highsU.S. stocks are drifting in early trading after leaping to records the day before as part of a worldwide rally. The S&P 500 was down 0.2% Friday but still on track for its fifth winning week in the last six.
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Stock market today: Wall Street closes out a record-setting week on a quiet noteNEW YORK (AP) — A record-setting week for Wall Street closed on a quieter note. U.S. stocks mostly pulled back from their highs hit during a worldwide rally the day before, even as the Dow Jones Industrial Average edged up to another record.
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Stock market today: Wall Street hangs near its all-time highsNEW YORK (AP) — U.S. stock indexes are hanging near their all-time highs in quiet trading. The S&P 500 was up 0.1% in early trading Monday.
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