YEAR HIGH OF 11,417.66 EARLIER FRIDAY BEFORE FALLING INTO NEGATIVE TERRITORY. MICROSOFT FELL 11.8 PERCENT TO $24.02 IN HEAVY TRADING. THE COMPANY MISSED WALL STREET'S EARNINGS EXPECTATIONS AND GAVE AN OUTLOOK THAT FAILED TO IMPRESS INVESTORS. SEVERAL ANALYSTS CUT THEIR INVESTMENT RATINGS ON MICROSOFT. THE DROP-OFF IN MICROSOFT HURT OTHER TECH COMPANIES SUCH AS BUSINESS SOFTWARE MAKER ORACLE CORP., WHOSE SHARES FELL 1.2 PERCENT TO $14.75. RISING CRUDE OIL PRICES LIFTED SHARES OF EXXON MOBIL CORP., WHICH WERE UP 0.7 PERCENT AT $62.85 IN LATE AFTERNOON TRADING. CONOCOPHILLIPS WAS UP 1 PERCENT AT $66.87. THE JUNE CRUDE OIL FUTURES CONTRACT JUMPED 91 CENTS TO SETTLE AT $71.88 A BARREL ON THE NEW YORK MERCANTILE EXCHANGE AFTER THE WORLD'S NUCLEAR WATCHDOG CONFIRMED IRAN HAS FLOUTED DEMANDS TO STOP ENRICHING URANIUM, RENEWING WORRIES ABOUT THREATS TO OIL SUPPLY. CITIGROUP INC. SHARES ROSE 3.2 PERCENT TO $49.68 AND JPMORGAN CHASE & CO. ADDED 3 PERCENT TO TRADE AT $45.27. BOTH STOCKS TOUCHED FRESH 52-WEEK HIGHS. BANK SHARES ROSE AFTER THE GDP DATA SHOWED STRONG U.S. GROWTH, ANALYSTS SAID. LARGE FINANCIAL SERVICES COMPANIES OFTEN MIRROR, FROM A GROWTH PERSPECTIVE, THE ECONOMIES WHERE THEY DO BUSINESS.
