Asian stocks were mostly higher on Friday after U.S. stocks slipped as the market’s big rally following Trump's election victory cooled further. U.S. futures and oil prices were lower. In Tokyo, the Nikkei 225 index was up 0.

The stock market broadly has been rising faster than corporate profits, which raises the volume on criticism from skeptics that it’s gotten too expensive. The S&P 500 is still up nearly 25% for the year so far, on top of last year’s leap of 24.2%.

Shares rose in European trading after a retreat in Asia on Thursday following a report showing inflation in the U.S. was roughly as expected last month. Germany's DAX surged 1.2% to 19,223.90 and the CAC 40 in Paris advanced 0.

U.S. stocks are drifting near their records after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates.

U.S. stocks are drifting as the market’s big burst following Donald Trump’s election continues to cool. The S&P 500 was edging down by 0.1% in midday trading Thursday, but still