Wall Street closes lower as tech stocks lose value

NEW YORK (AA) – Wall Street closed lower on the final trading day of the month after some tech companies recorded losses Friday.

The Dow Jones fell 55 points to close at 17,775 points while the S&P 500 was down 10 points to 2,065. The Nasdaq lost 30 points to end the day at 4,775 points.

During April, the Dow gained 0.5 percent on average, while S&P 500 was up 0.3 percent. But, the Nasdaq was down 2 percent for the month.

Some tech companies suffered big losses in Friday.

Data storage firm Seagate International PLC saw its shares decline by 19 percent, while shares at another data storage company, Western Digital Corp’s, fell 11 percent.

Apple’s stock fell 1.1 percent Friday to record its seventh straight loss — the company’s longest losing streak since February 2013.

Meanwhile, oil prices reached new record-highs for the year.

The American benchmark reached as high as $46.77 per barrel during the day and was up 27 percent in April. Brent crude climbed to $48.28 — recording a monthly gain of 25 percent.