19 Jul 2013
Wall Street closes mixed on Friday and week; Techs weight
FXstreet.com (San Francisco) - The US stocks market closed Friday with mixed numbers as sectors performed divergent on the back of Detroit bankruptcy and weaker than expected earnings in the tech sector.
On the weekly basis, Wall Street closed overall higher but Nasdaq losses its weekly gains as the composite closed its biggest daily drop since June 24. Microsoft and Google declined hard after posting big miss in earnings and revenues after the Thursday's bell. Microsoft was significantly, the PC maker plunged 12%, its worst day since 2000.
The Dow Jones declined 4.80 points or 0.03% to close the day at 15,543.74. On the week, the DJIA advanced 0.51%. The S&P 500 added 2.72 pts or 0.16% to end the session at 1,692.09. In the last 5 sessions, the index rose 0.71%.
The Nasdaq lost 23.67 points or 0.66% to finish at 3,587.61. The Composite declined 0.35% on the week.
On the weekly basis, Wall Street closed overall higher but Nasdaq losses its weekly gains as the composite closed its biggest daily drop since June 24. Microsoft and Google declined hard after posting big miss in earnings and revenues after the Thursday's bell. Microsoft was significantly, the PC maker plunged 12%, its worst day since 2000.
The Dow Jones declined 4.80 points or 0.03% to close the day at 15,543.74. On the week, the DJIA advanced 0.51%. The S&P 500 added 2.72 pts or 0.16% to end the session at 1,692.09. In the last 5 sessions, the index rose 0.71%.
The Nasdaq lost 23.67 points or 0.66% to finish at 3,587.61. The Composite declined 0.35% on the week.