Global stock markets saw investors stretching record-breaking rallies, before Wall Street took profits, while U.S.

Treasury yields dipped after lukewarm U.S.

jobs data reinforced the perception that the Federal Reserve will begin easing by mid-year.

MSCI’s gauge of stocks across the globe saw a slight dip, closing off 0.27% after reaching its highest level ever.

A mixed labor market report saw the S&P 500 and Nasdaq close lower on Friday after hitting record highs during the session.

Chip stocks went into reverse, and more new jobs than expected were coupled with a rising unemployment rate.

The Dow Jones Industrial Average fell 68.66 points, or 0.18%, to 38,722.69, while the S&P 500 lost 33.67 points, or 0.65%, to 5,123.69 and the Nasdaq Composite lost 188.26 points, or 1.16%, to 16,085.11.

Europe’s main stock indices remained flat on Friday, witnessing strong gains throughout the week that saw record highs from German and French shares.

The pan-European STOXX 600 closed flat but logged an all-time high and saw its seventh consecutive weekly advance.

The Nikkei shares average rose in Japan on Friday but ended the week lower for the first time in six weeks due to profit-taking, and sentiments were dampened by the rising bets of the central bank potentially exiting its ultra-loose monetary policy as soon as this month.

In China, stocks rose on Friday, logging a fourth consecutive week of gains, while Hong Kong shares followed suit, mirroring global peers' performance on expectations of rate cuts by global central banks.

In Australia, shares witnessed a record high on Friday, boosted by interest rate-sensitive financial stocks