• SPI futures: +25 points
  • ASX200 -0.1%
  • AUD fetching 88.67 US cents, 64.54 euro, 93.23 yen, 53.83 pence
  • In the US, Dow Jones and S&P500 flat
  • In Europe, Eurostoxx 50 +1.3%, FTSE100 +0.9%, CAC +1.4%, DAX +1.1%
  • Spot gold up to $US1214.35 an ounce
  • Brent oil up to $US112.11 per barrel
  • Wall Street Week Ahead: Hopes alive for new year on Wall St

US stock indexes closed mostly flat on Friday, with the Dow snapping a six-day streak of record closing highs after investors took a break from this week's rally.

Shares of Twitter, the social media company that has nearly tripled in value since going public in early November, slid 13 per cent to close at $US63.75 after investors took profits. Twitter was the most actively traded stock on the New York Stock Exchange on Friday.

The tech-heavy Nasdaq fell 0.25 per cent, with leaders like Apple off 0.7 per cent at $US560.09 and Facebook Inc.down about 4 per cent at $US55.44. The Nasdaq has surged 37.7 per cent this year, making it the best performer among the three major US stock indexes.

"Consolidating a little bit here is probably healthy rather than continuing a march higher without taking a breath," said Joseph Benanti, managing director of Rosenblatt Securities in New York. "It's a healthy pause with some profit-taking."

Volume overall was light, as it has been all week. About 4 billion shares traded on US exchanges, well below the average of about 6.1 billion this month, according to data from BATS Global Markets.

Both the Dow and the S&P 500 wrapped up a second straight week of solid gains. The S&P 500 posted its best two-week period since July, while the Dow marked its best two weeks since June 2012. The S&P 500 has soared 29.1 per cent this year, on track for its best year since 1997. The Dow has climbed 25.8 per cent this year, on track for its best year since 1996.

Sprint Corp shares jumped 8.3 per cent to $US10.79, following speculation that a deal by Japan's SoftBank Corp to acquire US wireless carrier T-Mobile US is closer to getting done. Sprint's stock also hit a 52-week high at $US11.46 in Friday's regular session.

The Dow Jones industrial average fell 1.47 points or 0.01 per cent, to end at 16,478.41. The S&P 500 dipped just 0.62 of a point, or 0.03 per cent, to finish at 1,841.40. The Nasdaq Composite dropped 10.59 points or 0.25 per cent, to close at 4,156.59.

Friday's slight decline also halted the S&P 500's run of four record closing highs in a row.

For the holiday-shortened week, the Dow gained 1.6 per cent, the S&P 500 added about 1.3 per cent and the Nasdaq advanced about 1.3 per cent. The US stock market was closed on Wednesday for Christmas and trading had ended early on Tuesday.

In company news, Textron Inc agreed to buy aircraft maker Beechcraft Corp for $US1.4 billion in cash. Textron shares rose 1.1 per cent to close at $US36.61.

General Motors Co's China joint venture will recall close to 1.5 million vehicles because of potential safety issues in one of the biggest recalls in the world's biggest auto market. GM's stock fell 1.4 per cent to end at $US40.94.

Advancers outnumbered decliners on the NYSE by a ratio of about 8 to 7. On the Nasdaq, about 13 stocks fell for every 12 that rose.

Reuters