Microsoft was a bright spot for the Nasdaq. Its shares gained 5.8% on Friday.
Office-supply company Xerox also saw its share price rise 5.6% after it announced it would split into two companies.
Chevron shares managed to pull off a modest rise of 0.64% despite reporting its first money loosing quarter since 2002. The company pledged to continue cost cutting measures, including layoffs, to offset the falling price of oil.