Investors expected the Fed to deliver a 25-basis-point cut on Dec. 10, the third consecutive reduction, with market-implied odds approaching 90%.

Wall Street's indexes rose as the markets reacted to a delayed inflation report and speculated on the Federal Reserve's policy. Core prices increased slightly below expectations, and consumer sentiment improved.

The U.S. stock market is ticking toward the edge of its all-time high, as Wall Street drifts toward the finish of a quiet week.

The Federal Reserve meeting next week is expected to be one of its most contentious in years, and investors are focused on how divided policymakers are over an expected interest-rate cut and what Chair Jerome Powell signals about the path ahead.

Wall Street experienced gains driven by strong tech performances and expectations of a Federal Reserve rate cut in December. Nvidia and Dell Technologies contributed to easing market fears. The S&P 500,

On the winning side of Wall Street was Synposys, which rose 4.9%. It said Nvidia is investing $2 billion in its stock as part of an expanded partnership. Nvidia, which has become Wall Street's most influential stock, swung from an early loss to a gain of 1.6%.

Tokenization is the process of deploying blockchain technology to turn real-world assets (RWAs) like stocks, funds, real estate, etc. into digital tokens. This way, assets like stocks get traded 24/7, unlike on Wall Street, and investors even have access to fractional offerings.

The U.S. stock market rose to the edge of its all-time high on Friday. The S&P 500 added 0.2% and finished just 0.3% shy of its record closing level, which was set in October. It had briefly topped the mark during the day, before paring its gain.

The U.S. stock market is holding near its records. The S&P 500 slipped 0.1% Thursday but remains just 0.7% below its all-time high.