US stocks fluctuated on Friday, hovering near record highs as signs of strength in the economy provided the buoyancy that Netflix's (NFLX) earnings report lacked. The S&P 500 and Nasdaq trimmed early gains after the University of Michigan consumer sentiment survey showed one-year inflation expectations plunging to 4.

US stocks start up on earnings reports and before a consumer sentiment survey that'll show if consumers are feeling the weight of Trump's tariffs.

The S&P 500 and the Nasdaq edged to another all-time high on Friday, building on the previous day's record run as strong economic data and earnings reports painted a picture of a resilient U.S. economy.