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.
Helped by a softer dollar and a recovery in oil prices, the S&P 500 has rebounded from a steep selloff earlier this year and is only about 2 percent short of last May's record high.
Crude rose over 1 percent on signs of strong US gasoline consumption, declining production around the world and oilfield outages.
The Dow Jones industrial average edged up 0.12 percent to end at 18,003.75 points, while the S&P 500 finished flat at 2,091.58.
The Nasdaq Composite dropped 0.8 percent to 4,906.23, reflecting the selloff in tech shares.
Eight of the 10 major S&P sectors rose, with energy up 1.33 percent.
For the week, the Dow added 0.6 percent, the S&P 500 gained 0.5 percent and the Nasdaq lost 0.6 percent.
The S&P 500 index showed 11 new 52-week highs and two new lows, while the Nasdaq recorded 44 new highs and 21 new lows.
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