iStock/Thinkstock(NEW YORK) — U.S. stocks closed mixed on Friday as investors weighed quarterly earnings reports and fourth-quarter gross domestic product (GDP) results.
The Dow gave up 7.13 (-0.04 percent) to finish at 20,093.78.
The Nasdaq jumped 5.61 (+0.10 percent) to close at 5,660.78, while the S&P 500 finished at 2,294.69, down 1.99 (-0.09 percent) from its open.
Crude oil prices hit $53 a barrel, down about 1 percent.
GDP: According to the Department of Commerce, the GDP increased at an annual rate of 1.9 percent in quarter four, lower than the 3.5 percent growth spurt in the third-quarter. From 2015 to 2016, real GDP increased 1.6 percent, compared to a 2.6 percent increase in the previous year, the Department of Commerce said.
Winners and Losers: Shares in Starbucks Corporation sunk 4 percent after the coffeehouse giant in its first-quarter report downgraded its full-year revenue forecast from growth in the double digits to 8-10 percent.
Better-than-expected quarterly results from Microsoft Corp. sent shares soaring over 2 percent.
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