Wall Street Flat As Banks, Amgen Weigh; Adobe Rallies

US stocks dipped on Friday as bank shares fell alongside Treasury yields while Adobe helped buoy the S&P tech sector and the Nasdaq Composite.

Amgen was the largest drag on both the S&P 500 and Nasdaq, down 6.4 percent at USD 168.61, after the extent of a cholesterol drug's benefits in a highly anticipated study disappointed investors, even if it cut the risk of heart attacks and strokes by over 20 percent in patients with heart disease.

The S&P tech index was supported by Adobe's surge to a record high of USD 130.30 after the Photoshop software maker reported strong earnings. The stock ended up 3.8 percent at USD 127.01.

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