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US stocks were mixed on Friday after all three major indexes notched new record highs the day prior with the prospect of a reversal from interest rate hikes buoying investors' spirits.

The techheavy Nasdaq Composite (^IXIC), which opened the day in the red, flipped into positive territory by midafternoon trading, up about 0.4%. The Dow Jones Industrial Average (^DJI), which is eyeing the key 40,000 mark, fell about 0.4% while the benchmark S&P 500 (^GSPC) traded flat.

The gauges remain on track for solid weekly gains, having racked up alltime closing highs after the Federal Reserve soothed worries it might scale back its forecast for rate cuts this year. Optimism that borrowing costs have peaked is also riding high on signs other big central banks are ready to pivot.

Among corporates, FedEx (FDX) shares jumped about 7% after operating margins at the parcel giant's largest unit improved amid a profit beat. But Nike (NKE) shares slid about 6% as the market absorbed disappointing sales guidance in its mixed results.

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