S&P 500 Falls Short of Record Despite Weekly Gain

The S&P 500 overcame massive declines in airline shares and shares of firms that depend on discretionary spending Friday to inch nearer to a brand new all-time excessive.

The benchmark inventory index ended Friday lower than 0.1% greater, inside 0.3% of a document excessive that has stood for greater than two years. The tech-heavy Nasdaq Composite additionally added lower than 0.1%. The Dow Jones Industrial Average declined 0.3%, or 118 factors.