NEW YORK — U.S. stocks edged back from their record levels on Friday in a quiet finish to another winning week. The Standard & Poor’s 500 slipped 0.3% from the all-time high it set the day before, as it closed its fourth winning week in the last five.

The Dow Jones Industrial Average on Friday was set for its first record close of the year, riding a wave of recent market optimism and seeing a brief upward push from someone who hardly needs an introduction: Warren Buffett.

U.S. stocks appear set for a cautious opening on Thursday as investors await the release of wholesale inflation data, after the consumer price index pointed to softer-than-expected inflation in July.

At the opening bell, the Dow Jones Industrial Average rose 248.7 points, or 0.55%, to 45,159.91. The S&P 500 rose 8.8 points, or 0.14%, to 6,477.38, while the Nasdaq Composite dropped 1.3 points, or 0.01%, to 21,709.336.

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.

U.S. stocks appear set for a positive opening on Friday as investors look to build on a week of gains, following softer-than-expected retail inflation in July. The United States Census Bureau is set to release retail sales data for July on Friday,

Dow futures flat on Thursday as traders await US inflation and jobless claims; Fed rate cut hopes, earnings in focus.

NEW YORK (AP) — Most stocks fell on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected. But gains for Amazon and some other influential Big Tech companies helped mask the losses.

Wall Street's main indexes were on track to open lower on Thursday, after a hotter-than-expected producer prices report dampened investor expectations of potential interest-rate cuts by the Federal Reserve this year.