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Wall Street closes mixed as retail falls, tech rises

Dow, S&P snap three-week winning streaks

12.05.2017 - Update : 12.05.2017
Wall Street closes mixed as retail falls, tech rises

By Ovunc Kutlu

NEW YORK

Wall Street closed mixed Friday as companies in retail sector saw their shares decline while tech firms' stock prices rose.

The Dow fell 22 points to end the day at 20,896 and the S&P lost three points to hit 2,390.

The Nasdaq, however, added five points to end the last trading day of the week at 6,121. The index also gained 0.3 percent this week.

The Dow and the S&P posted a weekly decline of 0.5 percent and 0.4 percent, respectively -- both ending three weeks of consecutive gains.

Among retail giants, Macy's saw its stock price fall 3 percent and Target shares decreased 0.5 percent.

On the tech front, Apple and Amazon shares both gained 1.4 percent.

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