"Wall Street's Winning Streak Continues Amid Rate Cut Speculation"

Wall Street ended the week with mixed trading, as the Dow set a record for the third consecutive day, the S&P 500 closed nearly unchanged but maintained a seven-week winning streak, and the Nasdaq climbed. Costco's strong quarterly results and special dividend announcement helped lead the market, while Lennar's weaker forecast weighed on stocks. The market received a boost after Federal Reserve Chair Jerome Powell did not push back on expectations of interest rate cuts, and a preliminary report indicated growth in US business activity.