Nasdaq Falls 4.1% in Tech Selloff, S&P 500 Ends Nine-Week Winning Streak
By
Antonio Pequeño IV
23d ago· 3 min readenNews
Summary
Major U.S. stock indexes fell sharply on Friday, with the Nasdaq dropping 4.1% in a tech-led selloff that erased nearly a month's worth of gains. The S&P 500 closed down 2.6%, ending nine consecutive weeks of gains and posting a weekly loss of nearly 2.6%. Despite the downturn, the S&P 500 remains up 1.7% over the past month.
Source
bskyNasdaq Falls 4.1% in Tech Selloff, S&P 500 Ends Nine-Week Winning Streakforbes.comKey quotes
· 3 pulledThe Nasdaq took the hardest hit of any index Friday, tanking 4.1% and erasing nearly a month's worth of gains.
The S&P 500 closed down 2.6%, bringing its weekly performance to a nearly 2.6% loss and ending nine straight weeks of gains.
The S&P 500 is still up 1.7% in the last month of trading.
The Nasdaq lost nearly a month's worth of gains Friday.
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