Stocks are headed for the best week of 2024, with the S&P 500 on track for a 4% gain, while the Nasdaq 100 is up more than 5%.

Trading on Wall Street was somewhat subdued early Friday as markets coasted toward another week of big gains. Futures for the S&P 500 were essentially unchanged, while futures for the Dow Jones Industrial Average ticked up less than 0.

The S&P 500 and the Nasdaq jumped to a fresh record high on Thursday after the Fed delivered a 25 basis point rate cut.

The Dow ends flat but S&P 500 and Nasdaq add to their steep post-election gains after the Fed trims rates and hints at more though pace is uncertain.

U.S. stocks are rising Thursday after the Federal Reserve cut interest rates for a second straight time, just as investors had expected.