Wall Street closes mixed with oil gains, tech loss

By Ovunc Kutlu

NEW YORK (AA) - 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.