(CNBC) U.S. stocks closed mixed Friday with tech stocks leading declines after major earnings in the sector disappointed.
Microsoft closed 7.17 percent lower, its worst day since Jan. 27, 2015, after missing on earnings. ( Tweet This ) Shares of Google's parent Alphabet declined more than 5 percent after reporting earnings that missed on both the top and bottom line as the firm increased investments in new projects. Both Microsoft and Alphabet closed below their 50-day moving average for the first time since March 10.
The Dow Jones industrial average and S&P 500 ended little changed on the day and posted their second-straight week of gains amid mixed earnings.
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