US stocks edged lower as trading began, with technology and financial stocks coming under pressure.
The retreat came after gains on Thursday, when the US House of Representatives approved a closely-watched tax overhaul that would reduce the corporate tax rate.
The Dow Jones fell 75 points, or 0.3%, to 23,384.
The wider S&P 500 slid 4.5 points or 0.17% to 2,581.3, and the Nasdaq dipped 4 points or 0.06% to 6,789.2.
The Nasdaq stock index welcomed a fashion start-up as Stitch Fix, an online twist on a personal shopping service, raised $120m in the initial public offering, pricing shares at $15.
Clothing retailers were in fashion after some well-received results. Shares in Abercrombie & Fitch jumped 20% after its third-quarter results beat expectations and it forecast strong trading over current quarter.
Gap shares gained 6% after it reported a 3% rise in same-store sales during the third quarter.
Shares in Twenty-First Century Fox were up nearly 6% following reports that both Comcast and Verizon were interesting in buying some the company’s businesses.