In corporate news, Nike's 2-for-1 stock split took effect Thursday. Class B of the new shares closed down 1.8 percent.
Read More Early movers: PEP, NKE, BBY, JCP, H, NFLX, GMCR & more
The Dow Jones industrial average closed down 50.44 points, or 0.29 percent, at 17,552.17, with Chevron leading decliners and DuPont the greatest advancer.
The index closed up 2.47 percent for the week, with Caterpillar the best performer and Walt Disney and Nike the only decliners on the week.
The Dow transports posted gains of 3.51 percent for the week.
The S&P 500 closed down 3.3 points, or 0.16 percent, at 2,060.99, with energy leading nine sectors lower and health care the only advancer.
The S&P gained 2.76 percent for the week, with energy leading all 10 sectors higher on the week.
The Nasdaq composite closed up 2.56 points, or 0.05 percent, at 5,048.49.
The Nasdaq posted 2.55 percent higher for the week. Apple ended the week up 1.89 percent.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 15.5.
About eight stocks advanced for every seven decliners on the New York Stock Exchange, with an exchange volume of 393 million and a composite volume of 1.4 billion in the close.
Gold futures for February delivery settled up $7.60 at $1,075.90 an ounce.