Stocks Ended Lower, Weighed by Tech Shares

U.S. stocks closed lower on Friday as weak earnings reports from major technology companies led to a big drop for the sector. The Dow Jones Industrial Average fell 76.01 points, or 0.30%, to 25,451.06. The S&P 500 lost 18.62 points, or 0.66%, to 2,818.82. The Nasdaq Composite dropped 114.77 points, or 1.46 percent, to 7,737.42. For the week, the Dow gained 1.6%, the S&P 500 lost 2% and the Nasdaq fell 1.1%.

Oil futures settled lower Friday, ending a three-day winning streak in light trade after Russia’s energy minister indicated that a coalition of producers could pump more crude than agreed by the end of the year. September Brent crude futures fell 25 cents, or 0.3%, to $74.29 a barrel. Brent crude prices hung on to a 1.7% weekly rise. September West Texas Intermediate crude dropped 92 cents, or 1.3%, to $68.69 a barrel, paring its weekly gain to 0.6%.

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