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%.
Sheep are clever and important in many ways. Here are some ovine facts that may surprise you
Literacy, numeracy tests as NCEA requirement 'detrimental' to learners
Poppies to be replaced as Dannevirke RSA announces it won't be putting them on graves
Samuel L. Jackson reunites with Pulp Fiction co
Chocolate prices expected to rise
Kiwi musicians boycott US festival SXSW due to defence industry sponsors
Moscow attack: Russian court charges four men with act of terrorism
Jonathan Tetelman recalls his journey from a nightclub DJ to an international opera star
More than 13,000 children killed in Gaza in Israel offensive
Knicks and 76ers got past injuries that could've ruined them. Now they meet in playoffs
Customs seize $20m meth and MDMA in two bags at Auckland Airport