US stock markets settled mixed on Friday after the initial fourth-quarter GDP read fell short of estimates, but managed to record weekly gains of around 1 percent.

The Dow Jones Industrial Average fell 7.13 points or 0.04 percent to settle at 20,093.78. The broader S&P 500 index lost 1.99 points or 0.09 percent to end at 2,294.69.

On the other hand, NASDAQ 100 index gained 11.14 points or 0.22 percent to close at 5,168.06.