Wall Street closes mixed with oil gains, tech loss

By Ovunc Kutlu

NEW YORK

Wall Street closed mixed Friday as tech companies posted losses, but oil prices increased.

The Dow added 62 points to finish the day at 21,349 and the S&P rose three points to 2,423.

The Nasdaq, however, lost three points to end trading at 6,140.

Google parent company, Alphabet, and Amazon each lost about 1 percent.

Crude prices, on the other hand, gained nearly 3 percent, after the number of oil rigs in the U.S. fell this week after increasing for 23 consecutive weeks.

The rig count data indicates the short-term outlook of the well-being of the American oil industry. Crude production in the country also witnessed a steep decline of 100,000 barrels per day (bpd) last week to 9.25 million bpd.

At the final bell, American benchmark West Texas Intermediate was trading at $46.16 per barrel - up 2.8 percent, while Brent crude was at $48.88 -- up 2.7 percent.