Investing.com -- U.S. stocks were mixed on Friday, as the Dow Jones Industrial Average cooled off from a recent hot streak and a surge in Google Inc (NASDAQ:GOOGL). (NASDAQ:GOOG) shares pushed the NASDAQ Composite index to all-time intraday and closing records.
While the Dow fell mildly in Friday's session, it still closed higher for the third consecutive week and ended a week above 18,000 for the first time in more than a month. On Friday, the Dow lost 33.80 or 0.19% to 18,086.45, as shares in Intel Corporation (NASDAQ:INTC), Chevron Corporation (NYSE:CVX) and Boeing Company (NYSE:BA) weighed.
The NASDAQ, meanwhile, closed at near-session highs after setting a slew of records on the session. The NASDAQ soared 46.96 or 0.91% to close at 5,210.14, eclipsing the previous all-time closing record of 5,160.09 from June 23. Following Friday's surge, the NASDAQ is now up by more than 10% year to date.
The S&P 500 Composite index managed to inch higher, even as eight of 10 sectors closed in the red. The S&P received a boost from Technology stocks, which jumped by more than 1.75%. Stocks in the Energy, Basic Materials and Utilities sectors lagged, each falling by more than 1%. The S&P 500 gained 2.35 or 0.11% to end the week at 2,126.64.
Shares in Google skyrocketed nearly 100 points or 16.24% to 699.52, one day after the multinational internet search engine company reported strong advertising revenue growth in its second quarter earnings. At one point, Google reached an all-time record high at $703 a share.
The top performer on the Dow was International Business Machines (NYSE:IBM), which gained 0.88 or 1.51% to 172.51. The worst performer was Intel, which fell 0.43 or 1.44% to 29.47 as investors locked into profits from earlier in the week. On Wednesday, Intel shares gained more than 8% after the technology giant beat analysts' forecasts with its second quarter earnings.
Google finished as the biggest gainer on the NASDAQ, just ahead of FB which rose more than 4.5% to 94.97. Facebook (NASDAQ:FB) is scheduled to release its quarterly earnings next week. The worst performer was Discovery Communications C Inc (NASDAQ:DISCK), which fell more than 5% to 31.00, one day after receiving a consensus hold rating from a group of 28 brokerage firms.
On the S&P 500, CF Industries jumped 9.85% to 68.92 finishing as the session's top perform besides Google. The worst performer was Transocean, which dove 7.73% to 13.49 as crude prices continued to plummet. On Friday, WTI crude futures fell to their lowest level in more than four months.
On the New York Stock Exchange, declining issues outnumbered advancing issues by a 2,036 to 1,102 margin.