U.S. stocks cruised to more records as they closed their best week in a year on Friday. The S&P 500 rose 0.4% to cap its biggest weekly gain since early November 2023 and briefly crossed above the 6,000 level for the first time.

Indexes edged slightly higher as traders took a breather after the huge post-election rally. The Fed will deliver its next rate decision at 2 p.m.