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%.
Related articles:
Related suggestion:
Muhammad Ali's 'Thrilla in Manila' trunks expected to sell for $10mLaura Kuenssberg: West facing 'authoritarian' alliance, says NATO chiefChristopher Luxon's reo Māori lessons paid for by taxpayerChinese troops deployed in 'significant numbers' amid border tensions with IndiaCall for schools soft drink ban renewed after government implements cellphone banChanges to road user charges will see EV owners paying more, climate expert saysPeregrine lander: Technical hitch threatens US Moon missionChina passes Hong Kong security billCoronavirus update: Italy to get aid from Germany, Spain's death rate passes China'sFeilding teacher underfed children, locked them in sleep room as punishment
2.9194s , 6498.0546875 kb
Copyright © 2024 Powered by How major US stock indexes fared Friday, 4/19/2024 ,World Winds news portal