Stocks drifted to a mixed close near the all-time highs they set last week.

The S&P 500 index edged up 0.2% Wednesday. The Nasdaq composite rose 0.5%, and the Dow Jones Industrial Average edged up less than 0.1%. The majority of stocks in the S&P 500 fell.

FedEx helped offset the losses with a gain of 15.5%. The package carrier reported results for its latest quarter that easily beat forecasts. Rivian soared more than 23% after Volkswagen said it would invest up to $5 billion in the struggling maker of electric vehicles.

On Wednesday:

The S&P 500 rose 8.60 points, or 0.2%, to 5,477.90.

The Dow Jones Industrial Average rose 15.64 points, or less than 0.1%, to 39,127.80.

The Nasdaq composite rose 87.50 points, or 0.5%, to 17,805.16.

The Russell 2000 index of smaller companies fell 4.23 points, or 0.2%, to 2,018.12.

For the week:

The S&P 500 is up 13.28 points, or 0.2%.

The Dow is down 22.53 points, or 0.1%.

The Nasdaq is up 115.79 points, or 0.7%.

The Russell 2000 is down 3.92 points, or 0.2%.

For the year:

The S&P 500 is up 708.07 points, or 14.8%.

The Dow is up 1,438.26 points, or 3.8%.

The Nasdaq is up 2,793.80 points, or 18.6%.

The Russell 2000 is down 8.95 points, or 0.4%.