Investors continued to extend record-breaking stock rallies on Friday, prior to Wall Street profit-taking sessions.

Similarly, U.S.

Treasury yields experienced a dip following U.S.

job data that was neither too hot nor too cold, further solidifying the belief that the Federal Reserve will initiate easing by the middle of the year.

The MSCI’s gauge of stocks across the globe rose to its highest level ever, before closing off by 0.27%.

In New York, the S&P 500 (ASX:SPX) and Nasdaq experienced decreases after reaching record numbers during their session.

Particularly, prominent chip stocks underwent a reversal and the mixed labor market report detailed higher than expected new jobs with a rising unemployment rate.

These activities resulted in the Dow Jones Industrial Average falling 68.66 points, or 0.18%, to 38,722.69.

Consequently, the S&P 500 (ASX:SPX) lost 33.67 points, or 0.65%, to 5,123.69, and the Nasdaq Composite endured a loss of 188.26 points, or 1.16%, resulting in 16,085.11.

The S&P 500 is one of 500 stocks chosen for market size, liquidity, and industry grouping, among other factors.