U.S. stock indexes are drifting around their records Friday as hopes hold that the economy can pull off the rare feat of getting painfully high inflation under control without a recession.

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.

U.S. stocks rose to another record Thursday as financial markets around the world rallied again. The Standard & Poor's 500 added 0.4% to set an all-time high for the third time this week and the 42nd time this year.

U.S. stocks are rising toward another record as financial markets around the world rally again. The S&P 500 rose 0.5% in Thursday morning trading and was on track to set