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%.
Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
China jails Canadian tycoon Xiao Jianhua for 13 years for finance crimes
LIZ JONES: Kate's strength has made me ashamed. And there's one self
From deep sadness to dazzling pomp, 15 key revelations from the must
Tom Brady roast: Netflix live event features Robert Kraft and Bill Belichick reunion
'The King and Prince William now face a serious problem'
A quiet birthday for Meghan's former best
A job with Fred the Shred, selling milk to the Chinese
King Charles III's coronation anniversary is marked by ceremonial gun salutes across London
US House passes controversial surveillance bill on 4th attempt
Paying college athletes appears closer than ever. How could it work and what stands in the way?
US 'prepper' culture diversifies amid fear of disaster and political unrest