After a blistering Thursday that saw the S&P 500 close with its best session in nearly two years — up 2.3% — Wall Street’s price action turned sluggish on a Friday lacking market-moving economic events. By midday in New York, major indices were slightly positive or hovering around the flat line, signaling a slowdown in the bullish sentiment compared to the previous session. Since the beginning of the week, the S&P 500 is down 0.5%, with a few hours of trading left to determine whether the U.S. stock market can avoid closing in the red for the fourth consecutive week. Meanwhile, there's a renewed demand for long-dated U.S. Treasury bonds, with yields declining by about 6 basis points on both the 10-year and 30-year notes. As a result, the popular iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) rallied 1%, snapping a three-session losing streak. The dollar slightly weakened, slipping 0.5% against the Japanese yen after three consecutive days of gains. Traders now see nearly equal odds of a 50-basis-point or a 25-basis-point rate cut by the ...