With Wall Street's surge to record highs, the U.S. stock market looks nearly as expensive as ever, and investors are debating whether the lofty valuations are a bearish signal or justified by the technology-heavy market's profit outlook.

The stock market keeps climbing even though expectations for Fed rate cuts are falling. That’s not what usually happens.

Trump’s tariffs and trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Wall Street closed its third winning week in the last four with a quiet finish on Friday. The S&P 500 edged down by a whisper, less than 0.1%, after setting its all-time high the day before. The Dow Jones Industrial Average fell 142 points, or 0.3%, and the Nasdaq composite edged up by less than 0.1% to add its own record.

US stock market ends mixed as S&P 500 record high headlines the stock market today as it touched a new peak before pulling back slightly on Friday. Despite the dip, the S&P 500, Nasdaq, and Dow Jones are all headed for a winning week,

This metric has a 100% success rate of forecasting future stock market returns when back-tested over more than 150 years.

The moves come after Wall Street saw a winning session, with the S&P 500 posting fresh intraday and closing records.

Live Updates Live Coverage Updates appear automatically as they are published. Order Up Some Chipotle? 9:38 am BMO Capital analyst Andrew Strelzik upgraded Chipotle Mexican Grill (NYSE: CMG) to Outperform this morning with a price target of $65.

The favorite stock for four of Wall Street's most successful fund managers is the only member of the "Magnificent Seven" to have never completed a stock split.