The Dow logged its first record close of the year and bond yields fell after Federal Reserve Chair Jerome Powell struck an upbeat tone on a September interest-rate cut.

If the S&P 500 breaks below 6,200, that's a sign the stock market may be headed for a more serious decline, Bank of America said.

A blistering cross-asset rally drove the Dow Jones Industrial Average to close at an all-time high for the first time since December as the staid blue-chip gauge finally caught up to the riskier corners of the stock market.

US stocks were mixed on Friday as Wall Street tempered its rate-cut hopes amid economic data this week that showed higher-than-expected wholesale inflation and a rise in July retail sales. A meeting between President Trump and Russian President Vladimir Putin was also in focus as traders looked for clues on how the outcome could steer markets.

Oracle Corp. closed 9.39% below its 52-week high of $260.87, which the company reached on July 31st.

US stocks experienced mixed results on Tuesday, with declines in key indices as investors prepared for a series of critical retail earnings reports and awaited

The hope among investors had been that Powell would hint that the Fed's first cut to interest rates of the year may be imminent.

Trump call