In Europe the FTSE shed 13 points (-0.2%) to settle at 5729, whilst the CAC (-0.2%) and DAX (-0.2%) also recorded modest declines.
The Dow put on 97 points (+0.8%) to settle at 12721, on the back of strong earnings numbers from IBM which accounted for two-thirds of the index’s gains.
The S&P 500 added 0.1%, whilst the Nasdaq slipped a touch, down 0.1%.
Last week US stocks posted their best weekly advance since Christmas, with the Dow gaining 2.% and the S&P adding 2%.
US existing home sales rose by 5% to a 4.61 million annual rate in December, close to forecasts centred on a result near 4.65 million.
Our dollar continued its recent move higher on Friday and is currently trading near US$1.048.
Oil fell $1.93 to US$98.46 a barrel, whilst base metals were mixed as investors took profit and squared positions at the end of the week.
Gold rose 0.6% to settle at US$1670 an ounce.
Today’s session will bring us data in the form of the producer price index, 11:30am, AEDT.