The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street across the finish line of another losing week.
The S&P 500 fell 0.9% Friday to close out its third straight losing week. The Nasdaq composite tumbled 2%. The Dow Jones Industrial Average, which has less of an emphasis on tech, was an outlier and rose 0.6%.
The market’s worst performers included several stocks that had been its biggest stars. Super Micro Computer lost more than a fifth of its value. Nvidia was the single heaviest weight on the S&P 500.
On Friday:
The S&P 500 fell 43.89 points, or 0.9%, to 4,967.23.
The Dow Jones Industrial Average rose 211.02 points, or 0.6%, to 37,986.40.
The Nasdaq composite fell 319.49 points, or 2%, to 15,282.01.
The Russell 2000 index of smaller companies rose 4.70 points, or 0.2%, to 1,947.66.
For the week:
The S&P 500 is down 156.18 points, or 3%.
Atlanta or Afghanistan? Wild shootout breaks out at gas station with one gunman wielding an AK
'I was afraid for my life' — Orlando Bloom puts himself in peril for new TV series
Pilot who died last week in Indiana plane crash was Purdue student, authorities say
Duke's Jeremy Roach announces plans to enter NBA draft and transfer portal
Religious leader faces new charge in case that brought 5
Italy's leader keeps the focus on migration on her fourth visit to Tunisia in a year
Nathan MacKinnon races to career season, looks to power Colorado Avalanche on another title run
China prepares to launch relay satellite Queqiao
'I was afraid for my life' — Orlando Bloom puts himself in peril for new TV series
Rock trailblazer Heart reunites for a world tour and a new song
DEAR JANE: I HATE my boyfriend's awful pet name for me