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Wall Street ends flat; Alphabet and Microsoft Tumble
Wall Street finished flat on Friday after disappointing quarterly reports from Microsoft and Alphabet slammed tech stocks, while a surge in oil prices lifted energy shares.
The S&P technology sector dropped 1.9 percent, its worst decline since early February, with Facebook down 2.5 percent and Intel falling 1.03 percent.
Microsoft dropped 7.17 percent, contributing the biggest drag to the S&P 500, and Google-parent Alphabet lost 5.41 percent as investors punished both companies for missing profit and revenue estimates. It was Alphabet's worst day since 2012.