Wall Street indexes are wavering after the S&P 500 reached its 55th record close of the year. Here’s what we’re watching in Friday’s trading session.

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Write to James Willhite at james.willhite@wsj.com

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Wall Street indexes are wavering after the S&P 500 reached its 55th record close of the year. Here’s what we’re watching in Friday’s trading session.

Snap said it expects growth to slow due to Apple’s new App Store privacy rules.

Photo: Richard Drew/Associated Press

  • Other big names in social media including Facebook and Twitter were also dragged down.
  • Intel shares dropped after the semiconductor company posted third-quarter earnings, as component shortages weighed on computer shipments and China’s crackdown on gaming hurt server-chip sales.
  • American Express topped earnings and revenue estimates as it benefited from an acceleration in spending and saw further recovery in the travel and entertainment categories.
  • Honeywell lowered its sales guidance for the year due to supply-chain constraints and the ongoing effects of what it described as a “macro-challenged environment.”
  • Zoom Video Communications shares got a ratings upgrade from JPMorgan.
  • Mattel raised its full-year sales outlook after posting better than expected third-quarter results, with strong sales continuing for key brands like Barbie and Hot Wheels.
  • Whirlpool ‘s chief executive said shortages of dishwashers and refrigerators are likely to stretch well into next year, as supply-chain problems constrain production and consumer demand remains strong.
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  • A key measure of investors’ inflation expectations has climbed in recent weeks, adding fuel to concerns about lasting pressures on consumer prices.

Write to James Willhite at james.willhite@wsj.com