Dow finishes lower, S&P 500 and Nasdaq cement worst week since June, as tech rout deepens
U.S. stocks finished sharply lower on Friday as the Nasdaq Composite and S&P 500 capped off their worst weekly showings since June. An ongoing rout in highflying tech stocks was largely to blame.
The Dow Jones Industrial Average also finished lower on Friday, although the blue-chip gauge managed to walk away with a weekly gain.
Doubts about the payoff of massive AI investment hit home with investors this week, stoking a sharp selloff in shares of stocks like CoreWeave. The jitters drove investors back into the safety of the bond market, sending yields lower for a second-straight week.