The Dow closed at a record high on Friday. Investors see more gains ahead as the Fed kicks off a new cycle of easing interest rates.

U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note.

Investors poured $33.8 billion into U.S. stocks in the past week, with funds collecting the third-largest weekly haul since 2022, according to TD Securities. Global equities also saw inflows, snapping two-weeks of outflows,