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%.
3 Northern California law enforcement officers charged in death of man held facedown on the ground
Israel frees two hostages, Palestinian TV says 74 killed in assault
Waitangi 2024: Watch government leaders speak at the Treaty Grounds
Weather: Easter weekend chill calls for extra layers
2 suspects detained in Poland for attack on a Navalny ally in Lithuania
'An authentic, genuine, warm man': Flood of tributes for Fa'anānā Efeso Collins
Two dead, three critically injured after 100 people brawl in Gisborne
Man United overhaul under Ratcliffe extends to new technical director
Eleanor Coppola, matriarch of a filmmaking family, dies at 87
Chinese researchers develop targeted nanomedicine for female Alzheimer's patients
TAIC adds rail worker safety to watchlist after near death incident on Wellington train line