LIVE MARKETS-Nasdaq hits another record close in mixed day for market

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NASDAQ HITS ANOTHER RECORD CLOSE IN MIXED DAY FOR MARKET

The Nasdaq .IXIC finished at another record closing high on Friday but the S&P 500 .SPX and Dow .DJI ended lower after recent gains as investors bided time ahead of the key Federal Reserve policy meeting next week.

All three of the major indexes posted gains for the week, led by a 2% gain in the Nasdaq, with expectations high the Fed will cut interest rates by at least 25 basis points at the meeting.

Helping the Nasdaq, shares of Tesla TSLA.O gained 7.4% after board chair Robyn Denholm dismissed concerns that CEO Elon Musk's political activity had hurt sales at the electric-vehicle maker and said the billionaire was "front and center" at the company.

Small caps underperformed, with the Russell 2000 .RUT falling 1% on Friday and ending up just 0.3% for the week.

Here is the closing market snapshot:

(Caroline Valetkevitch)

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