NEW YORK / Content Syndication Services / – The U.S. stock market closed lower Friday as the Nasdaq Composite fell for a fifth straight session, extending a week of losses for technology shares. The Nasdaq dropped 60.99 points, or 0.2%, to 25,297.62. The S&P 500 slipped 3.47 points, or less than 0.1%, to 7,354.02. The Dow Jones Industrial Average fell 44.51 points, or 0.1%, to 51,876.11.
The latest decline followed a fourth straight Nasdaq loss on Thursday, when the technology-heavy index fell 0.5%. Friday’s close moved the story beyond that earlier mark and left the Nasdaq down 4.6% for the week. The S&P 500 lost 2% over the same period. The Dow rose 0.6% for the week, while the Russell 2000 gained 1%.
Large technology and chip stocks remained the main drag on the major U.S. stock indexes. The PHLX Semiconductor Index fell sharply Friday and ended the week with a large loss. Weakness in AI-linked shares weighed on the Nasdaq, even as most stocks in the broader market rose. The Russell 2000, which tracks smaller companies, added 2.23 points, or 0.1%, to 3,010.08.
Technology shares lead decline
Apple rose 3.1% Friday after a steep drop a day earlier, when the company fell after announcing higher prices for some devices tied to memory and storage costs. Micron Technology had rallied Thursday after strong results and guidance, but those gains did not lift the broader technology sector. The split showed how uneven trading became across the semiconductor and hardware groups.
Healthcare, real estate and consumer staples shares helped limit broader losses. Moderna gained nearly 13% after an investor event, making healthcare one of the stronger areas of the session. Industrials, technology and energy shares declined. Trading volume on U.S. exchanges ran above recent averages, with activity elevated during the final session of a volatile week.
Weekly losses follow inflation data
Fresh economic data also framed the week for markets. A May inflation reading moved above 4%, while the final estimate of first-quarter gross domestic product rose to 2.1% from an earlier 1.6% reading. Those figures kept interest rates in focus after a year in which the Federal Reserve held a central role in market expectations.
The Nasdaq’s five-day slide marked a sharp turn for an index still higher for the year. At Friday’s close, the Nasdaq remained up 8.8% in 2026. The S&P 500 stood up 7.4% for the year, the Dow was up 7.9%, and the Russell 2000 was up 21.3%. The week ended with technology under pressure, while small-cap shares and some defensive sectors showed firmer demand.