Wall Street closed flat on Friday, hovering near the previous session's record-high close for the Dow and S&P 500, while the dollar firmed as investors digested the Federal Reserve's 50-basis-point cut midweek that started a rate reducing cycle.

Wall Street slid from the previous session's record highs and the dollar steadied on Friday as the market knuckled down to the start of a rate

The dollar hit its weakest level in nearly nine months against the yen, amid revived speculation over a bigger U.S. interest-rate cut next week. The dollar reached around 140.35 yen, its weakest since late December,