US stocks were mixed on Friday as Wall Street tempered its rate-cut hopes amid economic data this week that showed higher-than-expected wholesale inflation and a rise in July retail sales. A meeting between President Trump and Russian President Vladimir Putin was also in focus as traders looked for clues on how the outcome could steer markets.

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.

Stocks traded mixed on Friday even as major indexes tallied another strong week. Investors were eyeing a meeting between President Trump and Russian leader Vladimir Putin, among other things.

Shares of embattled commodity chemical producer Dow Inc. caught an upgrade. It’s good news, but the analyst isn’t ready to recommend Dow stock just yet. Thursday, BofA Securities’ Salvator Tiano raised his rating to Hold from Sell.

The Dow Jones Industrial Average hit an all-time intraday high on Friday, making it the last of the three major U.S. indexes to clinch a record in Wall Street's rally fueled by the prospect of a looser monetary policy,

S&P Dow Jones Indices is in talks with exchanges, custodians, and DeFi platforms to license and list tokenized benchmarks, as global demand for digital assets accelerates.

The consumer price index for July will come out on Tuesday, and Wall Street expects a 0.2% monthly overall increase and a 0.3% uptick in the core CPI.

With Wall Street now more attuned to economic risks like Trump's trade war, the tariffs that will go into effect on Thursday may get more scrutiny.

But with roughly a year to go until the full separation is complete, Honeywell investors are caught in no-man's-land. The stock is down 8.3% since it published a news release on Dec. 16, 2024, announcing the decision to split into three companies.