The Dow Jones Industrial Average fell
Dow drops 200 points, Nasdaq turns positive following three-day rout
The Dow Jones Industrial Average fell while the Nasdaq Composite rebounded on Friday, a day after Wall Street notched its worst day in more than a month.
The blue-chip Dow lost 201 points, or 0.4%. The Nasdaq rose 0.7%, on pace to snap a three-day losing streak. The S&P 500
traded up 0.3%.
The tech trade gained some ground after coming under pressure in recent days. Nvidia
and Advanced Micro Devices both reversed course from their drop seen in the previous session, as did Palantir Technologies
and Tesla, both of which saw losses of more than 6% in the prior day. The Technology Select Sector SPDR Fund was up almost 1%, making up some of its 2% decline from Thursday.
Major U.S. indexes on Thursday posted their worst one-day performance since Oct. 10. The 30-stock Dow lost about 800 points, taking back gains seen in Wednesday’s session when it crossed the 48,000 level. The Nasdaq dropped more than 2%, as technology giants came away battered.