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.

Investors will be laser focused on the jobs market next week, with the ADP employment report on Wednesday and the September jobs report on Friday.

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

U.S. stock indexes are drifting around their records as hopes hold that the economy can pull off the rare feat of getting painfully high inflation under control without a recession. The S&P 500 was up 0.

Gold futures climbed to another record high on Wednesday, a day after its sister metal, silver, settled at its highest in more than 11 years, but both may be [ready for a pullback in the coming weeks]

U.S. stocks closed another record-setting week with a muted performance Sept. 27, as hope built on Wall Street that the U.S. economy can manage the rare feat

Premarket trading on Wall Street was relatively listless Friday ahead of the government's latest inflation report.