ALSO READWall Street opens higher on earning optimism, Dow rises to record high Dow Jones opens at record high after Caterpillar's earnings smash estimates Tech, bank stocks boost Wall Street to record highs amid tax cut hopes Dow jumps to record high on strong earnings season Dow Jones rallies on strong earnings from 3M, Caterpillar
Apple declined 0.8 per cent after issuing a rare apology for slowing older iPhones with flagging batteries.
"The market is rich (in valuation) as of now and if prices and earnings continue to converge, I wouldn't be concerned."
Major U. S. indexes hit a series of record highs in 2017, riding on strong economic growth, solid corporate earnings and low interest rates.
The benchmark S&P 500 has surged 20 percent this year, while the blue-chip Dow has gained more than 25 percent and the tech-heavy Nasdaq about 29 percent. All three indexes are on track for their best performances since 2013.
Telecom services and energy are the only two sectors to end the year in the red.
The rally is widely expected to extend into 2018, boosted by gains from a new law that lowers the tax burden on U.
The Nasdaq Composite was down 18.17 points, or 0.26 per cent, at 6,931.99.
Altria, Coca-Cola and Philip Morris, gained between 0.7 per cent and 1 per cent in thin holiday trading ahead of the New Year.
Declining issues outnumbered advancers on the NYSE by 1,384 to 1,323. On the Nasdaq, 1,453 issues fell and 1,307 advanced.