U.S. stocks retreated slightly from record highs in a quiet end to a successful week. The S&P 500 slipped 0.3%, the Dow Jones rose 0.1%, and the Nasdaq fell 0.4%. Expectations of a Federal Reserve rate cut in September drove market highs this week, despite mixed economic updates.

A disappointing report on U.S. wholesale inflation led traders to reconsider rate cut bets, though expectations remain high. Mixed economic updates showed increased consumer spending and manufacturing growth in New York state, but a decline in industrial production nationwide.

UnitedHealth Group saw a 12% jump after Warren Buffett’s Berkshire Hathaway purchased nearly 5 million shares. Applied Materials fell 14.1% due to lower revenue forecasts, while Sandisk dropped 4.6% despite a strong profit report. Stock indexes in China and Hong Kong fluctuated on economic uncertainty.

Japan’s Nikkei 225 rose 1.7% after better-than-expected economic growth, while European indexes finished mixed before Trump’s meeting with Putin. Bond market yields saw a slight increase, with the 10-year Treasury at 4.31% and the two-year at 3.75%.

Read more at Yahoo Finance: Wall Street finishes its latest winning week with a fade