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.

The S&P 500 was headed for its 42 record close of the year on Thursday, pushed higher by a surge in stocks of companies that make materials used to support manufacturing. The S&P 500 was up 19 points, or 0.3%, near 5,741, at last check.

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

A global stock index reached a record high on Friday following China's stimulus boost, while Treasury yields dipped as U.S. inflation data lifted expectations of an outsized interest rate cut at the Federal Reserve's November policy meeting.

China stocks closed out their best week since 2008 as the country's central bank cut its reserve requirement for banks.

Stock markets rose Friday as slowing US and European inflation raised hopes of more aggressive interest rate cuts and China took measures to boost its struggling economy.

The New York Giants entered a Week 4 game against the Dallas Cowboys riding high after picking up their first win of the season just days earlier, but that excitement was shortlived. The Cowboys continued their reign of terror over the Giants on Thursday Night Football,

The Dallas Cowboys beat the New York Giants 20-15 in a game that shockingly came down to the wire. Colin Cowherd says that he isn’t impressed with the Cowboys for beating up their rivals.