Stock market today: Wall Street rises as it cruises toward the close of another winning week

U.S. stocks are heading toward the close of another winning week with some more modest gains. The S&P 500 rose 0.4% Friday. The Dow Jones Industrial Average was up 128 points, and the Nasdaq composite gained 0.4%. The S&P 500 has returned to within 0.4% of its record as hopes have revived that the Federal Reserve may deliver cuts to interest rates this year. A flood of strong profit reports has also helped support the market. Gen Digital jumped after joining the parade of companies reporting stronger profit than expected while announcing a big program to buy back its own stock.