KEY TAKEAWAYS:
Wall Street stocks hover near record highs amid expectations of Fed interest rate cuts.
S&P 500 stable, Dow down 204 points, Nasdaq rises 0.5%; investor optimism continues.
Tech and AI stocks , including Microsoft and Super Micro, show strong gains despite some setbacks.
U.S. inflation expectations remain moderate, while Trump challenges Fed leadership over rate policies.
Wall Street is coasting toward the finish of its best week in the last five on Friday as U.S. stocks hang near their record levels.
The S&P 500 was mostly unchanged from the all-time high it set the day before. The Dow Jones Industrial Average was down 204 points, or 0.4%, as of 1:01 p.m. Eastern time, and the Nasdaq composite was 0.5% higher. Both likewise set records the day before.
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