Traders in Asia also look toward August consumer prices index from Japan and Hong Kong, and central bank decisions from Bank of Japan and People's Bank of China.

Shares are mixed in Asia after the Dow Jones Industrial Average set a record as Wall Street gears up for Federal Reserve's most anticipated meeting in years. Tokyo's Nikkei index

Asia-Pacific markets on Friday were mostly higher, with Japan's Nikkei 225 leading the gains after Wall Street soared overnight following the Federal Reserve’s outsized rate cut. Market participants also reacted to PBOC rates holding despite the Fed Cut,

FedEx dragged on the market with a drop of 13.5% after its profit and revenue for the latest quarter fell short of analysts’ expectations. It said U.S. customers sent fewer packages through priority services, while it had to contend with higher wages for workers and other costs. FedEx also cut its forecast for revenue growth for its fiscal year.

A record-setting week for Wall Street closed on a quieter note. U.S. stocks mostly pulled back from their highs hit during a worldwide rally the day before, even as the

U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note.

U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note

NEW YORK — A record-setting week for Wall Street closed on a quieter note Friday, as U.S. stocks drifted around the highs they hit during a worldwide rally the day before. The S&P 500 slipped 0.2% from its record, and the Nasdaq composite fell 0.4%. The Dow Jones Industrial Average, meanwhile, added 38 points, or 0.1%, to its all-time high.