S&P 500 slips from all-time high, Nasdaq ends week up 4% at a record; European markets close lower with data, virus spread in focus; travel stocks slide 2.5% 
The S&P 500 fell slightly on Friday, retreating from record levels, while the strength in major technology names pushed the Nasdaq Composite to another all-time high. The broad equity benchmark dipped 0.3% to 3,841.47 after closing at a record in the previous session. The Nasdaq rose 0.1% to another record close of 13,543.06, supported by Big Tech. The Dow Jones Industrial Average slid 179.03 points, or 0.6%, to 30,996.98. 
Dow-component IBM dropped 9.9% after the company reported fourth-quarter sales below analysts’ expectations. Revenue fell 6% on an annualized basis, the fourth consecutive quarter of declines. Intel shares retreated 9.3% following a 6% pop on Thursday after it released better-than-expected earnings. 

European markets pulled back Friday as investors monitored coronavirus restrictions and new economic data out of the euro zone. 
The pan-European Stoxx 600 slipped 0.6% by the close, with travel and leisure stocks dropping 2.5% to lead losses. This came after European governments announced further travel restrictions to fight growing Covid infection rates and highly-infectious variants. 
Volkswagen shares gained 1.8% despite full-year profit almost halving in 2020 as a result of the pandemic, but comfortably beat analyst expectations, boosted by a rebound in sales in China and robust fourth-quarter deliveries. 
Source: CNBC