Stocks fell sharply on Friday, with the Nasdaq 100 suffering its biggest daily declinesince April 2025. The S&P 500 broke its nine-week winning streak, while the Russell 2000 fell as well. All three indexes posted a weekly loss.
Technology was the worst-performing sector by a wide margin, with Technology Select Sector SPDR tumbling as investors rotated into defensive sectors, with consumer staples, utilities, and healthcare all rising, along with real estate.