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Barchart
Rich Asplund

Broader Market Retreats on Middle East Strife and Tech Stock Weakness

Dow Jones United States Goolsbee Iran Semiconductor American Express Apollo Global Management Bloomberg Intelligence Chicago Fed ECB

The S&P 500 Index ($SPX) (SPY) Friday closed down -0.88%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.56%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.05%. 

US stock indexes settled mixed on Friday, with the S&P 500 falling to a 1-3/4 month low and the Nasdaq 100 dropping to a 3-month low.  A sell-off in the “Magnificent Seven” megacap technology stocks Friday weighed on the overall market as investors liquidated long positions ahead of next week’s slew of megacap earnings reports. 

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