US Stocks finished mixed on Friday. The NASDAQ fell, ending a 13-session winning streak, pulled down by a weaker-than-expected quarterly profit from Microsoft (NASDAQ:MSFT) however the broader market managed some gains.
The Dow Jones industrial average rose 24 points to 9,093. The S&P500 Index rose 3 to 979 and the NASDAQ fell 8 points to 1,966. In company news: Investors largely reacted to company results released on Thursday and stocks fell as a result on Friday.
In particular shares of Microsoft (NASDAQ:MSFT) fell 8.26% to $23.45 following disappointment about the company's quarterly results. The tech leader reported weaker earnings that topped estimates and weaker revenue that missed estimates, blaming a slowdown in the global PC and server markets.
Shares in Amazon.com (NASDAQ:AMZN) fell 7.86% to $86.49.The online retailer reported weaker earnings that beat estimates on higher revenue that missed forecasts. Amazon also forecast third-quarter revenue in a range that met analysts' predictions.
Broadcom (NASDAQ:BRCM) shares slipped 6.79% to $27.20. The chipmaker reported weaker quarterly sales and earnings that nonetheless topped estimates. Broadcom also issued a current-quarter revenue forecast that is above analysts' predictions. In some upside news, American Express (NYSE:AXP) shares added 0.2% to $29.51 after posting weaker quarterly earnings as a result of the cost of paying back the loan it received from the government last year. However, the earnings still managed to top analysts' forecasts.
Checking the NASDAQ Top 100: Making the most gains was CA Inc which adding 7.95% to $20.64. While Baidu, Inc and First Solar also climbed higher. The worst performing stocks were exactly the companies mentioned earlier, with Microsoft topping the list, followed closely by Amazon and Broadcom.
