S&P 500 and Nasdaq Ending Volatile Week with Reversal Top

The S&P 500 and Nasdaq Composite retreated on Friday, with the S&P losing about 0.4% and the Nasdaq slipping 0.9%. The Dow Jones, however, edged up by 0.1%, despite the broader market’s downturn. Over the week, the S&P and Nasdaq saw respective declines of 0.1% and 0.9%, while the Dow decreased by 0.7%.

Technology Sector Impact

Technology stocks experienced mixed fortunes. Nvidia, a major AI player, saw its shares drop more than 5% on Friday, pausing a significant rally, but still ended the week up 6%. Apple rose over 1%, potentially breaking its seven-day losing streak, yet faced a 4% weekly decline. IBM and Cisco were among the top gainers in the Dow, while Salesforce and Apple recorded substantial drops, highlighting the tech sector’s varied performance.