Nasdaq Falls More Than 4% for Week as Oil Tops $100 and Chip Stocks Slide

U.S. stocks fell Friday as a technology selloff and crude above $100 left the Nasdaq Composite down more than 4% for the week, its sharpest decline since June. The Nasdaq lost 2.14% on Friday, Oct. 16, as technology shares came under pressure . The S&P 500 fell 1.09% Friday and about 2% for the week. The Dow Jones Industrial Average slipped 0.34% on the day but gained 0.7% for the week. Chip shares were among the hardest hit. The semiconductor ETF SMH dropped 3% Friday and 10% for the week, its largest weekly decline since April 2025.

Source: TokenPost