Wall Street ends mixed as Alibaba makes trading debut

U.S. stocks closed narrowly mixed Friday, with the Dow Jones Industrial Average closing at a fresh record, as China's e-commerce giant Alibaba made its trading debut on the New York Stock Exchange.

The Dow rose 13.75 points, or 0.08 percent, to a record close of 17,279.74. Earlier in the morning, the blue-chip index refreshed its all-time intraday high, rising to 17,350.64 points.

The S&P 500 also set a record intraday high of 2,019.26 points in the morning, but lost ground later to close at 2,010.40 points, down 0.96 point, or 0.04 percent. The Nasdaq Composite Index fell 13.64 points, or 0.30 percent, to 4,579.79.

Alibaba's shares opened more than two hours after the opening bell at 92.70 dollars per share, 36 percent higher than its initial public offering (IPO) price of 68 dollar set Thursday.

The company's shares popped to a session high of 99.70 dollars apiece at around midday, and then pared gains to close at 93.89 dollars a piece, surging 38 percent on the first trading day.

Moreover, investors got some relief after Scottish voters rejected the independence from the United Kingdom on Friday.

In a historic referendum on the future status of Scotland, the "No" campaign won the vote on Friday to keep the territory within the United Kingdom.

On a weekly basis, the three major stock indices all logged weekly gains.