The Nasdaq Composite fell 4.48% over the week as the Dow Jones Industrial Average rose 0.68%, leaving the indexes with their widest performance gap since July 2002.
Friday’s losses reached 2.15% on the Nasdaq Composite, 2.5% on the Nasdaq 100 and 1.1% on the S&P 500. Technology shares faced pressure amid concerns about returns from artificial intelligence investment and rising international oil prices.
The Philadelphia Semiconductor Index also posted an eighth consecutive daily decline. It was the index’s longest such run since 2008.
