Stocks edged a bit lower on Wall Street as the first week of corporate earnings season closes out with markets trading near record levels. The S&P 500 slipped 0.1% Friday after a day of wavering between gains and losses. The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite fell 0.1%. Gains for several big tech companies helped offset weakness elsewhere. A handful of regional U.S. banks reported their earnings following mixed reports from their larger peers. Pittsburgh’s PNC jumped after it beat Wall Street’s fourth-quarter targets, but Regions Financial fell after reporting results that missed forecasts.

Wall Street pulled back from its records following a mixed start to the latest profit reporting season for big U.S. companies. The S&P 500 fell 0.2% Tuesday from its all-time high. The Dow Jones Industrial Average dropped 398 points from its own record, while the Nasdaq composite slipped 0.1%. JPMorgan Chase was one of the heaviest weights on the market following its profit report. Treasury yields eased a bit after an update on inflation strengthened expectations that the Federal Reserve will cut its main interest rate at least twice in 2026 to shore up the job market.

Wall Street fell on the final day of trading for 2025, a banner year for markets that was driven by both optimism and uncertainty. The S&P 500 pulled back 0.7% Wednesday. The Dow Jones Industrial Average lost 0.6%, and the Nasdaq composite gave back 0.8%. Trading was very light ahead of the New Year’s Day holiday Thursday, when markets will be closed. The S&P 500 rose more than 16% this year as investors embraced the optimism surrounding artificial intelligence and its potential for boosting profits for companies. Treasury yields rose in the bond market.