US stocks edged lower for a second consecutive session on Friday as some underwhelming corporate earnings and gross domestic product data offset recent enthusiasm over policy actions by President Donald Trump.
US economic growth slowed more than expected in the fourth quarter, with GDP rising at a 1.9 percent annual rate, below the 2.2 percent rise expected by economists and the 3.5 percent growth pace logged in the third quarter.
Chevron fell 2.4 percent to USD 113.79 after its quarterly profit fell short of analysts' expectations. The stock was the biggest drag on the S&P 500 and the Dow Jones Industrial Average indexes. The S&P energy index , down 0.9 percent, was the worst performing of the 11 major S&P sectors.
Starbucks curbed gains on the Nasdaq. Its shares dropped 4.0 percent to USD 56.12 after the world's biggest coffee seller trimmed its full-year revenue forecast.
The Dow remained above 20,000 for the third straight day, after breaching the milestone for the first time on Wednesday as the post-election rally reignited.
For the week, the Dow rose 1.3 percent, the S&P 500 gained 1 percent and the Nasdaq advanced 1.9 percent.
The Dow Jones Industrial Average fell 7.13 points, or 0.04 percent, to 20,093.78, the S&P 500 lost 1.99 points, or 0.09 percent, to 2,294.69 and the Nasdaq Composite added 5.61 points, or 0.1 percent, to 5,660.78.
Microsoft rose 2.3 percent to USD 65.78, while Intel gained 1.1 percent to USD37.98 after both reported quarterly results above Wall Street expectations.
However, Google parent Alphabet lost 1.4 percent to USD8 45.03 after it posted fourth-quarter profit below analysts' estimates
Colgate-Palmolive slumped 5.2 percent to USD 64.68 after the personal products maker's fourth-quarter revenue missed estimates.
Declining issues outnumbered advancing ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.15-to-1 ratio favored decliners.
The S&P 500 posted 27 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 116 new highs and 26 new lows.
About 5.81 billion shares changed hands in US exchanges, compared with the 6.56 billion daily average over the last 20 sessions.
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