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%. |
China poses 'genuine and increasing' cyber risk to the UK and the 'irresponsible actions' of BeijingOrca sinks another boat in Strait of Gibraltar, authorities warn of runMiley Cyrus, Lorde and more team up for Talking Heads tributeCanada wildfires: More people are being told to leave area of western Canada as fire growsWill the CoMoment proInternet famous emotional support alligator, Wally, goes missingMaths teacher Rebecca Joynes, 30, accused of sleeping with two of her 15Chicago mayor's bumpy first year tests progressive credentials, puzzling some supportersMarston's losses narrow amid hopes of summer sporting calendar boost