Oil prices hit a nine-month high on concerns about the growing crisis in Iraq but Hong Kong and Shanghai reversed losses following upbeat Chinese data.
New York's three main indexes took a hit after hitting new highs over news that jihadists were pushing towards Baghdad after taking a town to the north. The Dow fell 0.65 per cent and the S&P 500 lost 0.71 per cent - both having hit record highs earlier in the week - and the Nasdaq sank 0.79 per cent.
European stock markets have closed in the red, with airlines hit hard by higher oil prices caused by unrest in Iraq.
The US dollar and Euro rose against the yen on Friday. The pound surged to a five-year peak against the euro, after Carney warned the BoE could hike its main interest rate from a record-low 0.50 per cent sooner than markets expect.
The euro slid to 79.77 pence. The British pound advanced to $1.6960 from $1.6923 on Thursday. Against the dollar, the euro eased to $1.3529 from $1.3553 late in New York on Thursday.
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