The Dow Jones Industrials backed off 58.37 points to 41,966.82, from Thursday’s record highs.
The S&P 500 index skidded 19.15 points, also from record highs of Thursday, to 5,694.49.
The NASDAQ staggered 72.17 points to 17,941.81.
On Thursday, the Dow Jones Industrial average hit a record above 42,000 and the S&P 500 climbed above 5,700 for the first time.
The three major averages are on pace for weekly gains. The S&P 500 is up 1.2%, on pace for its fifth positive week over the last six weeks, and year-to-date gains over 19%. The Dow and the tech-heavy NASDAQ are up 1.4% each.New unemployment data also seemed to boost investors’ sentiment. Initial jobless claims, which came in at 219,000 for the week of Sept. 14, were lower than expected and showed a decline from the prior week.
FedEx dented sentiment a bit on Friday after the shipping behemoth cut its earnings outlook. Shares dropped nearly 11% and competitor UPS shed more than 3% in sympathy.
Prices for the 10-year Treasury rallied, dropping yields back to Thursday’s 3.73%. Treasury prices and yields move in opposite directions.
Oil prices were unchanged at $71.95 U.S. a barrel.
Gold prices popped $31.50 to $2,646.10 U.S. an ounce