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%.
Stars waited late to find out they get playoff rematch against the defending Stanley Cup champions
VOX POPULI: China remains same heartless nation as seen in grim 1984 film
Public servants want to know if management positions will be on the chopping block
China news: July exports tumble by double digits, adding to pressure to shore up flagging economy
Larry David reunites with onscreen ex
Clandestine lab found during search for 'dangerous' suspect in violent kidnapping
Does Donald Trump have presidential immunity?
VOX POPULI: Radiation lingers even 70 years after H
Taylor Swift's winning streak continues as she breaks record for most pre
China is drilling some of the deepest holes in hunt for natural resources
Invest In China: Multinationals embrace new opportunities created by China's green transition
Public servants want to know if management positions will be on the chopping block