Nasdaq closes flat after tech shares lose steam

(CNBC) The Nasdaq composite erased a sharp gain on Friday as technology stocks gave back rolled over while Amazon slipped from a record high set earlier in the session.

The tech-heavy index closed flat at 7,119.80 as Apple, Netflix and Alphabet all pulled back. Earlier, it rose more than 1 percent on the back of strong earnings from Amazon. Tech shares initially rose broadly before falling 0.3 percent as a sector.

Meanwhile, the Dow Jones industrial average closed 11.15 points lower at 24,311.19 while the S&P 500 rose 0.1 percent to 2,669.91.



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