Wall Street held mixed Friday in a quieter end to a record-breaking week in which stocks scored their best winning streak in a quarter century.
The S&P 500 was down 0.03%, the Dow Jones Industrial Average fell 0.2%, and the Nasdaq was up 0.23%.
The promise of tax reform from Donald Trump was largely the driver behind recent all-time records for benchmark indexes achieved earlier in the week. The rally lost its luster on Thursday during an unfocused and lengthy press conference in which Trump said a tax reform plan would come after a health care proposal in March. Trump has made vague references to a forthcoming tax reform plan, though no details of the president's self-described "massive" tax reform have been divulged.
The Dow, S&P 500 and Nasdaq ended Wednesday with their fifth record close in a row, the longest record-making streak since a six-session stretch from late 1991 to early 1992. That record stretch was snapped on Thursday after the S&P 500 and Nasdaq fell and the Dow closed at a new record by just a few points.
UnitedHealth (UNH) led the Dow's losses after the U.S. Department of Justice joined a lawsuit accusing the health care company of overcharging Medicare. The company reportedly overcharged the Medicare program "hundreds of millions -- and likely billions -- of dollars." UnitedHealth has refuted the charges.
Boeing (BA) moved 1% higher on Friday after Trump made a speech on jobs and the military at a Boeing facility in South Carolina. Trump said the White House was considering a "big order" of Boeing Super Hornet planes for the U.S. military, though didn't provide details.