The Dow Jones Industrial Average ended nearly flat on Friday after hitting a record high in morning action — riding a wave of market optimism and a timely push from the “Oracle of Omaha.”

U.S. stocks edged back from their records, led by drops for technology companies, but Wall Street still closed out another winning week. The S&P 500 fell 0.3% Friday, slipping below the record it set a day earlier.

U.S. stocks finished mostly lower on Friday, as the S&P 500 and Nasdaq slipped at the end of what was otherwise a strong week on Wall Street. The Dow Jones Industrial Average finished higher, but missed what would have been its first record close of 2025.

An early rally faded on Friday and the Dow just missed out on closing at its first record high of the year. US stocks were mixed on Friday. The Dow closed higher by 35 points, or 0.08%. Meanwhile, the S&P 500 fell 0.

U.S. stocks advanced to mark new record closes on Wednesday, while the Dow Jones (DJI) ended just 91.77 points away from its record close, as a rally sparked by heightened expectations for Federal Reserve rate cuts continued.