Nasdaq Composite Falls 1% as Tech Shares Face Weekly Loss
The Nasdaq Composite was down 1% in midday trading, putting it on track for a weekly loss of more than 3%. The S&P 500 was also lower.
Chip and AI-related stocks faced renewed pressure, putting technology shares on course to end a difficult week lower. The Nasdaq Composite was down 1% in midday trading. If it holds that decline, the tech-heavy index would finish the week more than 3% lower. The S&P 500 was down about 0.3…