The S&P 500 fell slightly on Friday after reaching a fresh record high earlier in the day as Wall Street concluded a strong week of gains.
The Dow Jones Industrial Average whipsawed before finishing in the red 34.04 points at 26,719.13 on the day, but 2.8% up on the week.
The S&P 500 fell back from record highs achieved earlier this week, losing 3.72 points to 2,950.46, still enjoying a weekly gain of 2.2%.
With this week's gains, the S&P 500 is 17.7% for the year and was on track to post its best first half since 1997.
The NASDAQ Composite reversed 19.63 points Friday to 8,031.71, still gaining 3% on the week.
The major stock indexes jumped to their session highs after Dow Jones reported that Vice President Mike Pence would postpone a China policy address amid “positive signs” on trade. Equities had traded slightly lower prior to the news.
Chip stocks fell on the department's decision. Micron Technology shares closed 2.6% lower while Advanced Micro Devices lost 3%. Xilinx shares also dropped more than 2%.
Prices for the benchmark 10-year U.S. Treasury fell, raising yields to 2.06% from Thursday's 2.02%. Treasury prices and yields move in opposite directions.
Oil prices took on 59 cents to $57.66 U.S. a barrel.
Gold prices improved $5.90 to $1,402.80 U.S. an ounce.