The Dow Jones Industrial Average ($DIA) closed at an all-time high after new data showed that inflation in the U.S. continues to trend down

U.S. stocks were mixed after the close on Friday, as gains in the Oil & Gas, Utilities and Consumer Goods sectors led shares higher while losses in the Technology, Consumer Services and Basic Materials sectors led shares lower.

The blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap stocks and enabled Wall Street's three main indexes to post weekly gains.