Apple Inc, Microsoft Corp, Amazon.com Inc and Alphabet Inc., which helped to fuel the market's rally off the March lows, were among the biggest drags on the S&P 500 and Nasdaq on Friday, while the S&P 500 technology index fell 1.7%, the biggest weight among the S&P 500 sectors. Apple was down 3.2%.
NEW YORK: U.S. stocks fell on Friday as technology shares sold off for a third day in a row, while all three major U.S. indexes posted a third straight week of declines.
It was the Nasdaq's first such weekly streak since August 2019, and S&P 500 and Dow's first since early October 2019.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
