The broad-based S&P 500 slipped from its record the day before, falling 0.6 percent to 3,948.72, while the tech-rich Nasdaq Composite Index fell 0.2 percent to 15,699.32.
The move was in response to a planned Australian law that would require internet companies like Facebook and Google to reach commercial deals with news outlets.
Facebook has underlined to investors in recent years that it faces risks from moderation, copyright and commercial claims around the content users publish on the social network.
Bitcoin surged to $50,547.70 in midday European trading as an increasing number of corporate heavyweights back the world's most popular virtual currency.
The Congress on Friday approved a budget plan that would allow a coronavirus relief bill to muscle through in the coming weeks without Republican support.
Democrats in the U.S. Senate were poised on Thursday to take a first step toward the ultimate passage of President Joe Biden's $1.9 trillion COVID-19 relief proposal.
The latest offering will have various maturities up to 40 years, the term sheet showed, adding it is expected to include a tranche of sustainability notes due in 2041.
Bio-tech firm JCR Pharmaceuticals rallied 5.9 percent to 2,904 yen after a report said it will produce undiluted Covid-19 vaccine developed by the British drug group AstraZeneca and Oxford University.