World shares are mostly lower after the Federal Reserve cut interest rates again to ease pressure on the U.S. economy.

U.S. stocks are ticking higher ahead of the Federal Reserve’s announcement coming later in the afternoon about what it will do with interest rates.

The S&P 500 on Friday was trading above 6,000 for the first time in history, while the Dow Jones Industrial Average was soaring above 44,000 after Donald Trump’s election and the Federal Reserve’s interest-rate cut lifted the large-cap benchmark index to a fresh record.

U.S. stocks coasted to the close of their best week in a year. The S&P 500 rose 0.4% Friday. The index posted its biggest weekly gain since early November 2023, and finished just shy of the 6,000 level.