?

Wall Street experienced a slowdown on Friday, with the market cooling off after the previous day's strong session. The S&P 500 recorded its best performance in nearly two years on Thursday, surging by 2.3%. However, Friday lacked any significant economic events, leading to a more subdued price action. By midday in New York, major indices were either slightly positive or hovering around the flat line, indicating a waning bullish sentiment compared to the previous session.

Since the beginning of the week, the S&P 500 has declined by 0.5%, leaving investors uncertain about the possibility of the U.S. stock market closing in the red for the fourth consecutive week. Nevertheless, there was renewed demand for long-dated U.S. Treasury bonds, resulting in a decline of approximately 6 basis points in yields for both the 10-year and 30-year notes. Consequently, the popular iShares 20+ Year Treasury Bond ETF TLT witnessed a rally, breaking its three-session losing streak and advancing by 1%.

Meanwhile, the dollar experienced a slight weakening, slipping by 0.5% against the Japanese yen after three consecutive days of gains. Traders are now seeing equal probabilities of a 50-basis-point or a 25-basis-point rate cut by the Federal Reserve in September, according to the CME Group's FedWatch tool.

In the commodities market, oil saw a positive performance, gaining 0.7%. West Texas Intermediate (WTI) light crude is poised for its third consecutive session of gains. On the other hand, Bitcoin BTC/USD suffered a 2% plunge after a remarkable rally of nearly 12%, marking its most impressive day since February 2022.

Although Wall Street's momentum had weakened on Friday, the market remained resilient despite the lack of major market-moving events. Investors closely monitor economic indicators and potential rate cuts by the Federal Reserve as they navigate the uncertainties in both the domestic and global markets.

Note: The information provided in this article is based on the text provided by the user and should not be considered financial advice.