Ticker: Wall Street coasts to the finish of its latest record-setting week

Wall Street tacked on some more gains as it glided to the finish of its latest record-setting week. The S&P 500 rose 0.5% Friday. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite climbed 0.7%.

All three indexes hit an all-time high for the second straight day. FedEx climbed after delivering a stronger profit for the latest quarter than analysts expected. The price of gold continued its sharp rally amid expectations for lower interest rates and worries about higher inflation. Japanese stocks fell after the Bank of Japan said it would reduce its trove of stock funds.

Big foundations and nonprofits still flood to the sidelines of a diminished United Nations

The United Nations will draw foundations and nonprofits to New York for a packed schedule of events on the sidelines of its General Assembly next week. But uncertainty over its future and foreign aid commitments have already had an impact.

The Gates Foundation has delayed an annual report about progress toward global development goals. The Clinton Global Initiative is changing its format to focus on new programs.

The U.N.’s largest funder, the United States, has frozen funding or sought to claw it back, prompting major layoffs and program reductions across U.N. agencies. Its most powerful body, the Security Council, has not acted to stop two major wars, despite its founding mandate after World War II “to save succeeding generations from the scourge of war.”

Despite these challenges, Kevin Sheekey, a senior adviser to billionaire Mike Bloomberg., says the U.N. General Assembly is still the only place that the whole world gets together and that is valuable.