Stock markets mostly retrenched on Friday at the end of a week jam-packed with geopolitical developments, content to languish after record-breaking performances in recent days.Wall Street stocks followed European bourses into the red at the end of the session, with investors in no mood to take fresh positions.Major US exchanges will be closed Monday over the Martin Luther King Jr. Day.”The fact that US markets will be closed until Tuesday in the face of a rancorous geopolitical environment is probably also acting as a holdback provision,” said a note from Briefing.com analyst Patrick O’Hare.Headlines focused on the President Donald Trump’s response to Iran’s crackdown on protesters, his administration’s designs on taking over Greenland and plans for Venezuela’s oil.US indices finished the week with modest losses. The S&P 500 concluded Friday’s session at 6,940.01, down 0.1 percent for the day and 0.4 percent for the week.Next week’s agenda includes earnings from Netflix, United Airlines and Procter & Gamble. Analysts expect companies in the S&P 500 to report 8.2 percent earnings growth in the fourth-quarter compared with the year-ago period, according to FactSet.”We’re being reminded that Wall Street cares more about the bottom line than it does about headlines,” said CFRA Research’s Sam Stovall.Stovall also flagged US inflation data next week as a key input as far as what to expect from the Federal Reserve.In commodities trading, oil prices rebounded after shedding five percent Thursday as US President Donald Trump appeared to step back from military action against Iran, a major producer of crude oil.- Key figures at around 2115 GMT -New York – Dow: DOWN 0.2 percent at 49,359.33 (close)New York – S&P 500 : DOWN 0.1 percent at 6,940.01 (close)New York – Nasdaq: UP 0.2 percent at 23,515.39 (close)London – FTSE 100: DOWN less than 0.1 percent at 10,235.29 (close)Frankfurt – DAX: DOWN 0.2 percent at 25,297.13 (close)Paris – CAC 40: DOWN 0.7 percent at 8,258.94 (close)Tokyo – Nikkei 225: DOWN 0.3 percent at 53,936.17 (close)Hong Kong – Hang Seng Index: DOWN 0.3 percent at 26,844.96 (close)Shanghai – Composite: DOWN 0.3 percent at 4,101.91 (close)Euro/dollar: DOWN at $1.1604 from $1.1609 on ThursdayPound/dollar: UP at $1.3382 from $1.3381Dollar/yen: DOWN at 158.07 yen from 158.63 yenEuro/pound: DOWN 86.69 from 86.75 penceBrent North Sea Crude: UP 0.6 percent at $64.13 per barrelWest Texas Intermediate: UP 0.4 percent at $59.44 per barrelburs-jmb/bgs