U.S. stocks were mixed after the close on Friday, as gains in the Utilities, Telecoms and Consumer Services sectors led shares higher while losses in the Industrials, Basic Materials and Consumer Goods sectors led shares lower.

The Dow closed at a record high on Friday. Investors see more gains ahead as the Fed kicks off a new cycle of easing interest rates.

The Dow Jones is inching back into record highs on Friday. The index continues to find play above 42,000 in the post-Fed glut. The Dow Jones stock index rose up to 100 points, or 0.25%, during Friday trading.