Wall Street declines; Dow ends down 109 points

ALSO READ See how Asian markets are doing

The earnings-fueled rally fizzled on the Wall Street on Friday as investors began to lock in some profits. Also Read - How ADRs performed

The Dow Jones Industrial Average was down 109.13 points, or 1.1%, to 9,972.18. The S&P 500 Index fell 13.31 points, or 1.2%, to 1,079.60. The Nasdaq Composite slipped 10.82 points, or 0.5%, to 2,154.47.

Even the tech-heavy Nasdaq, which shot into the green earlier in the day after blowout numbers from Microsoft and Amazon, succumbed to the selling pressure.

For the week, the Dow Jones finished lower by just 0.2%; the Nasdaq shed 0% and the S&P fell 0.7%.

Microsoft's results smashed Wall Street expectations sending its shares up 8%. Although its profit fell 18%, this was far better than what analysts had estimated. Sales also fell 14% but again managed to beat street estimates.

Amazon too reported better-than-expected third quarter profit and stronger sales outlook. The company gave a fourth-quarter revenue projection between 8 to 9 billion dollars. The online retailer earned 45 cents a share in its third quarter on sales of 5.45 billion dollars.

The dollar gained after data showing the UK economy was still mired in recession stunned investors who had expected it to return to growth.

Oil prices fell on stronger US dollar and doubts over the pace of economic recovery halted the commodity's recent rally.