Wall Street pointed lower Friday as a rally driven by the Federal Reserve’s big cut to interest rates faded and markets' focus turned to earnings and other corporate news. Futures for the S&P 500 shed 0.

The Dow Jones industrial average set a record, as Wall Street geared up for the most anticipated meeting of the Federal Reserve in years

Wall Street experienced a decline from record highs as the U.S. Federal Reserve began a rate reducing cycle. Major U.S. indexes posted losses but maintained weekly gains. The global economy showed mixed reactions,