Technology companies led a broad slide in stocks on Wall Street Friday as investors worry about the potential for another escalation in the trade war between the U.S. and China.
The selling, which reversed an early gain, followed a report by Bloomberg saying that the Trump administration is considering ways to limit U.S. investments in China. The S&P 500 ended with its second straight weekly loss.
The S&P 500 index fell 15.83 points, or 0.5%, to 2,961.79.
The Dow Jones Industrial Average dropped 70.87 points, or 0.3%, to 26,820.25.
The Nasdaq lost 91.03 points, or 1.1%, to 7,939.63.
The Russell 2000 index of smaller companies gave up 12.85 points, or 0.8%, to 1,520.48.
For the week:
The S&P 500 fell 30.28 points, or 1%.
The Dow slid 114.82 points, or 0.4%.
The Nasdaq lost 178.05 points, or 2.2%.
The Russell 2000 dropped 39.29 points, or 2.5%.
For the year:
The S&P 500 is up 454.94 points, or 18.1%.
The Dow is up 3,492.79 points, or 15%.
The Nasdaq is up 1,304.35 points, or 19.7%.
The Russell 2000 is up 171.92 points, or 12.8%.