U.S. stocks closed another record-setting week with a muted performance Friday, as hope built on Wall Street that the U.S. economy can manage the rare feat of suppressing high inflation without causing a recession.

Wall Street is trading higher before the opening bell, following global markets that surged on reports that China plans to spend billions of dollars to help rebuild the capital of state-run banks and

U.S. stock indexes are drifting around their records as hopes hold that the economy can pull off the feat of getting painfully high inflation under control without a recession