NEW YORK — U.S. stocks edged back from their record levels on Friday in a quiet finish to another winning week. The Standard & Poor’s 500 slipped 0.3% from the all-time high it set the day before, as it closed its fourth winning week in the last five.

U.S. stocks appear set for a cautious opening on Thursday as investors await the release of wholesale inflation data, after the consumer price index pointed to softer-than-expected inflation in July.

The Dow Jones Industrial Average on Friday was set for its first record close of the year, riding a wave of recent market optimism and seeing a brief upward push from someone who hardly needs an introduction: Warren Buffett.

PM Eastern Time, the S&P 500 edged down by 0.1%, the Dow Jones Industrial Average was down 0.3%, and the Nasdaq Composite was mostly unchanged.

U.S. stocks appear set for a positive opening on Friday as investors look to build on a week of gains, following softer-than-expected retail inflation in July. The United States Census Bureau is set to release retail sales data for July on Friday,

Dow futures flat on Thursday as traders await US inflation and jobless claims; Fed rate cut hopes, earnings in focus.

NEW YORK (AP) — Most stocks fell on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected. But gains for Amazon and some other influential Big Tech companies helped mask the losses.

On Wall Street, stocks of companies that could benefit most from lower interest rates helped lead the way. PulteGroup climbed 5.4%, and Lennar rose 5.2% as part of a broad rally for homebuilders and others in the housing industry. Lower rates could make mortgages cheaper to get, which could spur more buying.

Dow futures dip as markets brace for July CPI, expected to show core inflation rising for the first time in six months.