Wall Street slips after record close as Reddit surges on S&P 500 inclusion

The S&P 500 index and the Dow Jones industrial average fell 0.2 percent, while the tech-heavy Nasdaq composite index fell 0.3 percent.

However, over the entire trading week, the S&P rose 0.4 percent. This is the third consecutive week of gains for the index, according to CNBC.

Among Friday's winners was the online forum Reddit, which surged almost 13 percent after the announcement that the stock would be added to the S&P 500.