Major stock indices on Wall Street closed with mixed results at the end of Friday’s trading session.

The S and P 500 index ended down 10.27 points, or 0.18 percent, closing at 5,703.37 points.

The Nasdaq Composite fell 65.66 points,

Gold prices hovered near record highs on Friday and were poised for a weekly gain, as markets adjusted to the US Federal Reserve’s recent giant interest rate reduction and signs that further cuts were on the horizon.

Spot gold

Oil prices edged lower on Friday, but were on track to end higher for a second straight week following a steep interest-rate cut by the US Federal Reserve and declining global stockpiles.

Brent futures traded lower 26 cents, or

The price of Kuwaiti oil rose $1.37 to reach $76.08 per barrel in Thursday’s trading, compared to $73.70 in trading the day before, according to the price announced by the Kuwait Petroleum Corporation (KPC).

In global markets, US West