US stocks closed mixed on Friday as rate-cut euphoria faded, but the Dow Jones Industrial Average managed to stay above the 42,000 level again to eke out another record close. The

After surging as much as 375 points to an all-time high after the Fed announcement, the Dow turned negative in late trading as investors digested Fed Chair Jerome Powell’s comments. The blue chip index dropped 103.08 points, or 0.3%, to 41,503.10. It hit an intraday record of 41,981.97.