On Friday, stocks fell amid a pullback in technology stocks and a jump in U.S. Treasury yields.
The market downturn came after a summit between President Donald Trump and Chinese President Xi Jinping concluded without significant policy breakthroughs, raising concerns among investors.
S&P 500 decreased by 1%
Nasdaq Composite dropped 1.4%
Dow Jones Industrial Average declined by 336 points, or 0.7%
Tech investors took profits following recent gains, leading to notable declines in major chipmakers.
Intel fell 6%, while Advanced Micro Devices and Micron Technology each declined about 5%.
Nvidia was down 4%, and Cerebras Systems, which had surged 68% on Thursday after its Nasdaq debut, fell 4%.
Source (CNBC)
