The Dow Jones Industrial Average posted a record closing high on Friday and major stock indices rose for a third straight week, while the US dollar fell.

MSCI's broadest index of global equities was unchanged that day, while the S&P 500 and Nasdaq closed lower.

Experts at Thai โบนัส Exness -, stocks came under pressure after Federal Reserve Chairman Jerome Powell said the US central bank was "on the right track" to start cutting asset purchases.

Intel shares fell 11.7% and were among the biggest losses for the S&P 500. Late Thursday, Intel reported sales that fell short of expectations and pointed to a chip shortage holding back sales of its flagship processors.

American Express Co shares rose, boosting the Dow Jones index after the company beat profit forecasts for the fourth straight quarter.

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Next week will see reports from several key giants, including Amazon.

The dollar fell after Powell's comments, but the dollar index was last down 0.10 per cent to 93.64, down from a yearly high of 94.56 last week.

"There is some weakening going on. Clearly, the dollar has strengthened since the September Fed meeting," said Mazen Issa, senior currency strategist at TD Securities in New York. "This is also in line with the seasonal trend of the dollar declining towards the end of the month."

Investors were also treated to news that China Evergrande Group appears to have averted default, with a source saying it had made a last-minute coupon payment on its bonds.

The Dow Jones Industrial Average index rose 73.94 points, or 0.21%, to 35,677.02, the S&P 500 lost 4.88 points, or 0.11%, to 4,544.9, and the Nasdaq Composite index fell 125.50 points, or 0.82%, to 15,090.20.

The pan-European STOXX 600 index rose 0.46%, while the MSCI World Stock Index fell 0.03%.

The MSCI index rose for the third week in a row along with the three main US stock indices.

In the US bond market, long-term US Treasury yields fell.

The 10-year Treasury bond yield fell 1.6 basis points to 1.659% after rising to a five-month high of 1.7064% on Thursday evening.

Oil rose and ended the week near multi-year highs. Brent crude futures rose 92 cents to $85.53 a barrel and posted a seventh weekly gain. US crude futures rose $1.26 to $83.76 and rose for a ninth straight week.

Spot gold rose 0.6 per cent to $1,793.82 an ounce.

Among cryptocurrencies, bitcoin fell 2.21% to $60,841.96.