U.S. stocks were pulling back from record territory in the final hour of trade Thursday as investors looked forward to big banks kicking off earnings season in earnest. "Inflation is ebbing lower, but it's going to take some time," said Anthony Saglimbene, chief market strategist at Ameriprise Financial, in a phone interview.

The S&P 500 and the Dow scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly results while the latest inflation data fueled expectations for a U.

The SP 500 and the Dow Jones Industrial Average achieved record closing highs on Friday, driven primarily by surging financial stocks. Major banks and asset managers reported strong quarterly earnings,

The Dow Jones Industrial Average climbed 409.74 points, or 0.8%, to 42,863.86, eclipsing its Wednesday record close of 42,512. The blue-chip touched an intraday record high of 42,899.75. The S&P 500 gained 0.

The S&P 500 and the Dow hit record highs on Friday, driven by gains in major banks following third-quarter results, while the latest producer price data backed expectations for a 25-basis-point rate reduction by the U.

US FAA approves SpaceX Falcon 9 return to flight after mishap probe The US Federal Aviation Administration said on Friday it had approved the return to flight of the SpaceX Falcon 9 vehicle after it reviewed and accepted the SpaceX-led investigation findings and corrective actions for