On the week, the Dow was down 1.8%, the S&P 500 was down about 0.6% and ended a three-week rally. The Nasdaq was up 0.3% in the period.
The Dow Jones Industrial Average declined for the seventh consecutive session on Friday, the Longest string of losses since 2020.
The blue-chip index fell 86.06 points or 0.2% to end at 43,828.06. The Nasdaq Composite added 0.12 percent to close at 19,926.72. The S&P 500 was flat in the session, settling at 6,051.09.
The Dow Jones industrial average lost 1.8% for the week, the S&P 500 was down about 0.6% to end a three-week rally. The Nasdaq was up by 0.3% in the period.
“We’re kind of stuck in this trading range,” said Jay Hatfield, CEO at Infrastructure Capital Advisors. “Nasdaq will go up while small cap will go down and Dow will go down till we get some event.”
Nvidia is down by more than 2% and Meta Platforms is down by more than 1%. Amazon shares were also slightly down. On the other hand, Broadcom hit $1 trillion in market cap, rising more than 24% after fiscal fourth-quarter adjusted earnings that beat estimates, and said AI revenue was up 220% for the year.
The moves occur after the three main averages on Wall Street posted a loss in the previous session. The Nasdaq Composite also dropped below the 20,000 level.
