NEW YORK (AP) — The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street on Friday across the finish line of another losing week.
The S&P 500 dropped 0.9% to close out its third straight losing week. That’s its longest such streak since September, before it broke into a romp that sent it to a string of records this year.
The Nasdaq composite sank 2%. The Dow Jones Industrial Average, which has less of an emphasis on tech, was an outlier and rose 211 points, or 0.6%.