U.S. stocks closed another record-setting week with a muted performance Friday, as hope built on Wall Street that the U.S. economy can manage the rare feat of suppressing high inflation without causing a recession.

U.S. stocks are drifting around their records as financial markets around the world take a pause following big recent moves

U.S. stock indexes are drifting around their records as hopes hold that the economy can pull off the feat of getting painfully high inflation under control without a recession