Wall Street finishes its latest winning week with a fade

NEW YORK (AP) — U.S. stocks edged back from their record levels on Friday in a quiet finish to another winning week.

The S&P 500 slipped 0.3% from the all-time high it set the day before, as it closed its fourth winning week in the last five. The Dow Jones Industrial Average flirted with its own record, which was set in December, before ending just below the mark with a rise of 34 points, or 0.1%. The Nasdaq composite dipped 0.4%, though it’s still near its record set on Wednesday.

The U.S. stock market reached all-time highs this past week as expectations built that the Federal Reserve will deliver a cut to interest rates at its next meeting in September. Lower rates can boost investment prices and the economy by making it cheaper for U.S. households and businesses to borrow to buy houses, cars or equipment, but they also risk worsening inflation.

A disappointing report about inflation at the U.S. wholesale level made traders pare back bets for coming cuts to interest rates on Thursday, but they’re still overwhelmingly expecting them. Such anticipation has sent Treasury yields lower in the bond market, though they inched higher Friday following some mixed updates on the economy.

One said shoppers boosted their spending at U.S. retailers last month, as economists expected, while another said that manufacturing in New York state unexpectedly grew. A third said industrial production across the country shrank last month, when economists were looking for modest growth.

Another report suggested sentiment among U.S. consumers is worsening because of worries about inflation, when economists expected to see a slight improvement.

“Overall, consumers are no longer bracing for the worst-case scenario for the economy feared in April,” when President Donald Trump announced his stunning set of worldwide tariffs, according to Joanne Hsu, director of the University of Michigan’s surveys of consumers. “However, consumers continue to expect both inflation and unemployment to deteriorate in the future.”

On Wall Street, UnitedHealth Group jumped 12% after famed investor Warren Buffett’s Berkshire Hathaway said it bought nearly 5 million shares of the insurer during the spring, valued at $1.57 billion. Buffett is known for trying to buy good stocks at affordable prices, and UnitedHealth’s halved for the year by the end of July because of a run of struggles.

Berkshire Hathaway’s own stock slipped 0.4%.

Applied Materials helped lead Wall Street lower with a decline of 14.1% even though it reported better results for the latest quarter than analysts expected. The focus was on the company’s forecast for a drop in revenue during the current quarter.

Its products help manufacture semiconductors and advanced displays, and CEO Gary Dickerson pointed to a “dynamic macroeconomic and policy environment, which is creating increased uncertainty and lower visibility in the near term, including for our China business.”

Sandisk fell 4.6% despite reporting a profit for the latest quarter that blew past analysts’ expectations. Investors focused instead on the data storage company’s forecast for profit in the current quarter, which came up short of Wall Street’s.

All told, the S&P 500 fell 18.74 points to 6,449.80. The Dow Jones Industrial Average rose 34.86 to 44,946.12, and the Nasdaq composite sank 87.69 to 21,622.98.

In stock markets abroad, indexes rose 0.8% in Shanghai but fell 1% in Hong Kong after data showed China’s economy may have slowed in July under pressure from uncertainty surrounding Trump’s tariffs.

“Chinese economic activity slowed across the board in July, with retail sales, fixed asset investment, and value added of industry growth all reaching the lowest levels of the year. After a strong start, several months of cooling momentum suggest that the economy may need further policy support,” ING Economics said in a market commentary.

Japan’s Nikkei 225 jumped 1.7% after the government said its economy grew at a better-than-expected pace in the latest quarter.

European stock indexes finished mixed before Trump began his meeting with Russian President Vladimir Putin, which could dictate where the war in Ukraine is heading.

In the bond market, the yield on the 10-year Treasury rose to 4.31% from 4.29% late Thursday. The two-year Treasury yield, which more closely tracks expectations for Fed action, rose to 3.75% from 3.74% late Thursday.

AP Writer Teresa Cerojano contributed.

Traders Robert Charmak, left, and Fred Demarco work on the floor of the New York Stock Exchange, Friday, Aug. 15, 2025. (AP Photo/Richard Drew)

Trader Michael Milano works on the floor of the New York Stock Exchange, Friday, Aug. 15, 2025. (AP Photo/Richard Drew)

Traders Jonathan Mueller, left, and Michael Capolino work on the floor of the New York Stock Exchange, Friday, Aug. 15, 2025. (AP Photo/Richard Drew)

Specialist Alex Weitzman, right, works at his post on the floor of the New York Stock Exchange, Friday, Aug. 15, 2025. (AP Photo/Richard Drew)

Specialist Anthony Matesic works at his post on the floor of the New York Stock Exchange, Wednesday, Aug. 13, 2025. (AP Photo/Richard Drew)

A person stands in front of an electronic stock board showing Japan's Nikkei index at a securities firm Tuesday, Aug. 12, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

COLUMBUS, Ohio--(BUSINESS WIRE)--Jan 16, 2026--

White Castle, the innovator of The Original Slider ®, is kicking off 2026 with deals and offers designed for customers who want bold flavors, satisfying portions and meals that are easy on the budget.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260116062382/en/

Deals to start the new year on a delicious note include weekly White Castle Wednesday flash offers in January, 2 for $4 Crispy Chicken Slider offers, a super Crave Clutch offer for Super Bowl weekend in February and a discount offer to celebrate White Castle’s 105 th birthday in March.

“Value has always been part of White Castle’s DNA, and we’re bringing that mindset into 2026 with offers that reflect how people want to eat today,” said Jamie Richardson, chief marketing officer at White Castle. “These offers reinforce what White Castle has always stood for — great taste, real value and food people can feel good about choosing.”

For more winter offers, customers can join Craver Nation Rewards, the free-to-join customer loyalty program that offers high-value perks, points and rewards to members.

Here are select offers and deals scheduled to run in January, February and March.

Special Offers (no coupons necessary)

Offers for Craver Nation Rewards Members (available through the White Castle app)

About White Castle ®

White Castle, America’s first fast-food hamburger chain, has been making hot and tasty Sliders since 1921. Based in Columbus, Ohio, the family-owned business owns and operates 334 restaurants as well as a retail division providing its famous fare in freezer aisles of retail stores nationwide. As part of its commitment to offering the highest quality products, White Castle owns and operates its own Slider Provider meat plants, bakeries and frozen-Slider retail plants. White Castle has earned numerous accolades over the years including “Most Influential Burger of All Time” by Time magazine (2014, The Original Slider ® ) and one of the “10 Most Innovative Dining Companies” by Fast Company (2021). White Castle is known for the legendary engagement of its team members and has received the Great Place to Work ® Certification™ for an extraordinary five consecutive years spanning 2021–2025. White Castle is beloved by its passionate fans (Cravers), many of whom compete each year for entry into the Cravers Hall of Fame. The official White Castle app makes it easy for Cravers to sign up for the CRAVER NATION REWARDS ® loyalty program, access sweet deals and place pickup orders at any time. For more information on White Castle and how to Follow Your Crave, visit whitecastle.com.

Editor’s Note: Download images of popular White Castle menu itemshere.

White Castle's seasonal deals run January through March, with limited-time offers tied to key moments including Super Bowl weekend, Mardi Gras and White Castle’s 105th birthday.