US stocks closed out a winning week mixed on Friday as Wall Street took stock of the US economy from a lofty, record-setting perch ahead of the Federal Reserve's highly anticipated decision on interest rates next week.

The reason for the cautiousness around Palantir is clear. While Palantir's business results have clearly been impressive, the main reason the stock has soared is multiple expansion, rather than underlying business growth. As a result, Palantir's price-to-sales ratio has jumped to 119, a level that's more than triple that of any other S&P 500 stock.

On Wall Street, Salesforce was one of the market’s heaviest weights, even though it reported a better profit for the latest quarter than analysts expected. Analysts called the performance solid but suggested some of it may have come from one-time factors. Salesforce, which helps businesses manage their customers, fell 7.4%.

No company worth over $500 billion has ever gained more than 25% in a single day. Oracle’s stock increased by far more than that on Wednesday.

To date, three prominent non-tech companies have completed forward splits: O'Reilly Automotive, Fastenal, and Interactive Brokers Group. But Wall Street's hottest stock-split stock is the lone high-profile reverse split of 2025 -- and according to one analyst, its shares can catapult as much as 280% over the next year.

NEW YORK (AP) — U.S. stocks are slipping Friday as Wall Street questions whether the U.S. job market has slowed by just enough to get the Federal Reserve to cut interest rates to help the economy, or by so much that a downturn may be on the way.

Oracle's massive backlog for its cloud business stunned Wall Street Wednesday, cementing its spot as a key player in the AI market and lifting hopes that the AI-fueled tech rally has more room to run.

Robinhood Markets (NASDAQ: HOOD) is the latest addition to the S&P 500, scheduled to join the benchmark on Sept. 22. That makes it one of only 10 companies to be granted admission so far this year. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »

Want more stock market and economic analysis from Phil Rosen directly in your inbox? Subscribe to Opening Bell Daily’s newsletter.  Notable as Elon Musk’s $1 billion purchase of Tesla shares seems, it shouldn’t overshadow the 80 percent rally the stock had already secured since Liberation Day.