The S&P 500 was modestly lower as well as the Dow, while the Nasdaq Composite was flat in late trading. Part of the weak sentiment was driven by concerns about the deepening political crisis in France amid a resurgent far-right. In addition, there was some consolidation after this week’s earlier record setting by the S&P 500 and Nasdaq.

The Nasdaq eked out a fifth straight record closing high, boosted by Adobe, which leapt 14.5 per cent, and other tech stocks, Reuters reported. While the S&P 500 ended its four-day run of record closing highs, it still climbed more than 1 per cent for the week.