The Dow Jones Industrial Average index rose 0.3% to finish at 40,003.59.

The broad-based S&P 500 closed up 0.1% at 5,303.27, while the tech-heavy Nasdaq Composite Index slipped 0.1% to 16,685.97.

But despite the slight decline in the Nasdaq, all three major indexes still finished the week higher than they were at the start of it.

“We made a breakout to new record high,” Karl Haeling from LBBW told AFP.

“The market is just choosing to consolidate, which is probably a healthy thing,” he continued. “Because it’s racing and getting too exuberant.”

Among individual companies, petrochemical producer Valero Energy finished the day up 4.8%, while the mining company Freeport McMoRan was up 4.2%.

One of the day’s big losers was Paramount Global, which saw its share price fall 4.9%.