NEW YORK, New York - U.S. stocks ended Friday's session broadly lower, pressured by a sharp spike in oil prices and a plunge in technology shares, particularly in the artificial intelligence sector.
The Standard and Poor's 500 fell 84.62 points, or 1.09 percent, to close at 7,659.44. The benchmark index traded as high as 7,756.84 and as low as 7,631.77 during the day, with volume of 3.31 billion shares. Its 52-week range stands at 6,316.91 to 7,844.52.
The Dow Jones Industrial Average declined 175.28 points, or 0.34 percent, to finish at 52,002.41. The blue-chip index's session range was 51,847.94 to 52,582.32, on volume of 487.438 million shares. Its 52-week range is 45,057.28 to 54,744.33.
The Nasdaq Composite bore the brunt of the selling, tumbling 572.99 points, or 2.14 percent, to close at 26,140.03. The tech-heavy index traded between 26,023.10 and 26,674.66, with volume of 8.250 billion shares. Its 52-week range is 20,690.25 to 27,722.75.
Market participants pointed to a surge in crude oil prices as a key driver of the risk-off mood, with rising energy costs stoking concerns about inflation and corporate margins. The selling was especially intense in AI-linked names, which had led the market higher for much of the year.
U.S. Dollar Slips Against Most Major Currencies Friday, Edges Higher Versus Yen
The U.S. dollar weakened against most major currencies in Friday's foreign exchange trading, though it managed a modest gain against the Japanese yen, according to the latest quotes.
The euro rose against the greenback, with EUR-USD trading at 1.1232, up 0.11 percent. The move extended the single currency's recent strength as traders continued to assess the outlook for both the eurozone and U.S. economies.
The British pound posted a larger advance, with GBP-USD at 1.3319, up 0.33 percent. Sterling was among the day's better performers as it held above the 1.33 mark.
The Australian dollar also gained ground Friday, with AUD-USD at 0.6942, up 0.30 percent. The commodity-linked currency benefited from the broader risk-on tone seen across global markets.
The dollar weakened against the Canadian dollar as well, with USD-CAD at 1.4152, down 0.24 percent. The loonie's rise came alongside firmer commodity prices.
The Swiss franc also strengthened versus the greenback, with USD-CHF at 0.8244, down 0.28 percent, as investors continued to favor the safe-haven currency.
The dollar's softer tone had one exception: the yen. USD-JPY edged up to 158.07, a gain of 0.04 percent, as the Japanese currency remained under pressure despite the broader weakness in the greenback.
Taken together, the session's moves painted a picture of a generally softer dollar, with only the yen failing to capitalize on the greenback's retreat.
Global Equity Markets Close Mostly Higher Friday, but Indonesia's IDX Composite Plunges 11.57 percent
World stock markets finished Friday's session with broad gains, as major UK, European, Asian and Australian benchmarks advanced, though a sharp selloff in Indonesia and a handful of declines elsewhere kept the picture mixed.
In Canada, the S&P/TSX Composite index added 39.45 points, or 0.11 percent, to end at 36,176.55. The index moved between 36,018.76 and 36,462.46, on volume of 268.444 million shares. Its 52-week range is 29,530.90 to 37,069.10.
The FTSE 100 in London closed at 10,881.90, up 41.55 points, or 0.38 percent. The index traded between 10,796.71 and 10,892.38 on the day, against a 52-week range of 9,276.90 to 10,989.50.
Germany's DAX P rose 239.99 points, or 0.95 percent, to end at 25,622.61. It moved between 25,466.09 and 25,693.89, with a 52-week range of 21,863.81 to 26,618.74.
In Paris, the CAC 40 added 22.00 points, or 0.28 percent, to close at 7,956.70, after trading between 7,916.98 and 7,980.99. Its 52-week range stands at 7,505.27 to 8,755.03.
The EURO STOXX 50 I gained 35.97 points, or 0.58 percent, to finish at 6,204.23. The index traded between 6,177.45 and 6,223.62, within a 52-week range of 5,376.81 to 6,577.20.
The Euronext 100 Index closed at 1,875.17, up 12.45 points, or 0.67 percent. It ranged from 1,863.20 to 1,880.30 on the day, against a 52-week range of 1,658.14 to 1,984.60.
Not all European benchmarks were higher. Belgium's BEL 20 slipped 5.73 points, or 0.10 percent, to 5,586.04, after trading between 5,577.70 and 5,603.71. Its 52-week range is 4,774.82 to 5,905.83.
In Asia, the HANG SENG INDEX in Hong Kong closed at 24,186.83, up 124.11 points, or 0.52 percent. It traded between 24,087.23 and 24,392.30, within a 52-week range of 22,518.00 to 28,056.10.
In mainland China, the SSE Composite Index closed at 3,716.28, up 8.81 points, or 0.24 percent, with volume of 18.576M. It traded between 3,681.28 and 3,750.77, against a 52-week range of 3,674.82 to 4,258.86.
Japan's Nikkei 225 posted one of the day's strongest gains, rising 898.34 points, or 1.39 percent, to 65,324.29. The index traded between 64,800.90 and 65,712.30, within a 52-week range of 47,494.31 to 72,831.73.
Singapore's STI Index rose 12.03 points, or 0.22 percent, to 5,415.53. The index ranged from 5,401.25 to 5,450.18, against a 52-week range of 4,311.65 to 5,828.50.
In Australia, the S&P/ASX 200 [XJO] climbed 87.00 points, or 1.00 percent, to 8,806.70, trading between 8,719.70 and 8,824.50. Its 52-week range is 8,262.40 to 9,296.70.
The ALL ORDINARIES [XAO] in Australia added 100.00 points, or 1.13 percent, to close at 8,940.40. It moved between 8,840.40 and 8,953.00, within a 52-week range of 8,454.90 to 9,474.80.
In New Zealand, the S&P/NZX 50 INDEX GROSS declined 79.07 points, or 0.57 percent, to 13,753.73. The index traded between 13,735.72 and 13,875.40, against a 52-week range of 12,689.78 to 14,069.22.
India's S&P BSE SENSEX finished at 74,729.27 Friday, up 413.66 points, or 0.56 percent. The index traded between 74,012.99 and 74,778.78, against a 52-week range of 71,292.88 to 86,159.02.
In Indonesia, the IDX COMPOSITE was the standout decliner, plunging 678.67 points, or 11.57 percent, to 5,185.10. The index traded between 5,185.11 and 5,404.51, with a 52-week range of 5,185.11 to 9,174.47.
Malaysia's FTSE Bursa Malaysia KLCI fell 15.94 points, or 0.98 percent, to 1,607.76. It ranged from 1,602.98 to 1,626.34, within a 52-week range of 1,597.68 to 1,771.25.
In South Korea, the KOSPI Composite Index surged 113.83 points, or 2.05 percent, to 5,668.05, with volume of 298,850. It traded between 5,590.33 and 5,809.94, within a 52-week range of 3,722.07 to 9,385.59.
Taiwan's TSEC CAPITALIZATION WEIGHTED ST rose 141.39 points, or 0.30 percent, to 47,111.26. It ranged from 46,995.03 to 47,520.60, against a 52-week range of 26,395.98 to 49,968.92.
In the Middle East, most markets were closed and scheduled to reopen on Sunday. Israel's TA-125 was open and gained 69.14 points, or 1.72 percent, to 4,091.37, trading between 4,063.28 and 4,110.52. Its 52-week range is 3,231.95 to 4,588.51.
In Africa, South Africa's Top 40 USD Net TRI Index added 86.19 points, or 1.29 percent, to 6,749.76. It moved between 6,686.49 and 6,759.38, within a 52-week range of 6,105.70 to 8,184.71.
(This report incorporates quotes retrieved with the assistance of artificial intelligence).
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