NEW YORK, New York - U.S. stocks, particularly in the tech sector, continued to weaken on Friday as the fallout following the abrupt exit of Nvidia boss Jensen Huang continues to take shape. "Even before all of this came out, and even before the election, chip stocks had been under pressure. There had already been worries about a blue wave — worries about a Democratic sweep — and worries about the return on investment on all of this capex," Ross Mayfield, investment strategist for Baird Private Wealth Management, told CNBC Friday. "It hasn't really changed the broad tenor of the market," he said.
The NASDAQ Composite (^IXIC) posted the steepest decline among the major indices, falling 229.82 points to 25,136.27, a drop of 0.91 percent. The tech-focused index traded between 24,872.41 and 25,423.09, staying above its 52-week low of 20,690.25 but well off its high of 27,722.75. Volume reached 6.747 billion.
The Dow Jones Industrial Average (^DJI) added 50.94 points to close at 52,348.03, a gain of 0.10 percent. The index traded between 52,017.86 and 52,521.48 during the session, remaining well above its 52-week low of 45,057.28 but below its high of 54,744.33. Volume stood at 628.961 million.
The Standard and Poor's 500 (^GSPC) slipped 30.62 points to 7,561.78, a decline of 0.40 percent, after moving within a range of 7,499.40 to 7,621.78. The benchmark index remains comfortably above its yearly low of 6,316.91, though below its 52-week high of 7,844.52. Trading volume was heavy at 2.621 billion.
Market analysts noted the divergence between the Dow and the broader indices, with investors rotating away from technology and growth names while finding support in more traditional industrial and value sectors. The mixed close capped a volatile week as traders weighed economic data and the outlook for interest rates heading into the weekend.
U.S. Dollar Strengthens Broadly Friday on Global FX Markets
The U.S. dollar ended Friday's session stronger across the board against major currencies, according to the latest foreign exchange market quotes, as investors positioned for the weekend amid shifting rate expectations.
The euro weakened against the greenback, with EUR-USD settling at 1.1021, a decline of 0.31 percent. The move reflected continued pressure on the single currency as markets assessed the outlook for European growth and monetary policy.
The dollar was essentially flat against the Japanese yen, with USD-JPY last trading unchanged at 159.84. The pair held steady near recent levels, with traders keeping a close watch on Japanese authorities for any signs of intervention.
Sterling also lost ground, with GBP-USD settling at 1.3210, down 0.19 percent. The pound's retreat came despite relatively resilient U.K. economic data, as the broader dollar rally weighed on the currency.
The Australian dollar was among the bigger movers, with AUD-USD falling to 0.6776, a drop of 0.47 percent. The commodity-linked currency came under pressure as risk appetite softened and the greenback firmed.
The dollar gained modestly against the Canadian dollar, with USD-CAD at 1.4267, up 0.07 percent. The loonie held relatively steady as oil prices provided some support.
The greenback posted its strongest gain against the Swiss franc, with USD-CHF rising to 0.8397, an advance of 0.51 percent. The move underscored the dollar's broad-based strength on the day.
Currency strategists noted that the dollar's across-the-board gains reflected a combination of factors, including firm U.S. economic data and cautious sentiment ahead of the weekend.
Global Markets End Divided Friday as UK, European Indices Hold Gains While Asia Retreats
World stock markets closed out Friday's session on a mixed note, with UK and European benchmarks largely holding onto modest gains while Asian indices slumped, according to the latest closing quotes. Canadian equities dipped in line with its North American counterparts.
In London, the FTSE 100 (^FTSE) added 39.47 points to close at 10,902.56, a gain of 0.36 percent. The session saw the index trade between 10,836.63 and 10,910.59, well above its 52-week low of 9,423.90 and approaching its 52-week high of 10,989.50.
In Canada, the S&P/TSX Composite Index (^GSPTSE) edged lower, shedding 31.29 points to close at 36,105.90, a loss of 0.09 percent. The index moved between 35,995.16 and 36,260.32 during the day, with volume of 252.437 million. It remains above its 52-week low of 29,828.50 and below its high of 37,069.10.
On the European continent, Germany's DAX P (^GDAXI) slipped 21.93 points to 26,749.95, down 0.08 percent, after trading in a range of 26,678.35 to 26,832.82. The index remains far above its yearly low of 21,863.81 but below its high of 27,001.67.
In France, the CAC 40 (^FCHI) edged up 7.55 points to 8,368.91, a rise of 0.09 percent, having moved between 8,337.90 and 8,378.21 during the day. Its 52-week range stands at 7,505.27 to 8,755.03.
The EURO STOXX 50 I (^STOXX50E) fell 12.12 points to 6,386.86, a decline of 0.19 percent, trading between 6,372.27 and 6,412.65. The Euronext 100 Index (^N100) dipped 1.58 points to 1,921.96, down 0.08 percent, within a range of 1,917.67 to 1,926.93.
Belgium's BEL 20 (^BFX) was a rare bright spot, gaining 4.57 points to 6,119.66, up 0.07 percent, after trading between 6,103.81 and 6,133.70.
In Asia, Hong Kong's HANG SENG INDEX (^HSI) fell sharply, losing 370.95 points to close at 23,637.60, a drop of 1.55 percent. The index traded between 23,595.36 and 23,930.13, remaining well below its 52-week high of 28,056.10.
In mainland China, the SSE Composite Index (000001.SS) declined 21.48 points to 3,634.35, down 0.59 percent, on volume of 4.28 billion. The index moved between 3,623.84 and 3,669.44.
Japan's Nikkei 225 (^N225) closed higher, adding 322.99 points to 61,142.35, a gain of 0.53 percent, after trading between 61,082.23 and 61,902.50.
In Singapore Friday, the STI Index (^STI) declined 50.86 points to 5,231.84, down 0.96 percent, within a range of 5,218.23 to 5,272.34.
In Australia, the S&P/ASX 200 (^AXJO) shed 64.60 points to 9,082.20, a loss of 0.71 percent, trading between 9,057.30 and 9,146.80. The ALL ORDINARIES (^AORD) fell 69.70 points to 9,204.50, down 0.75 percent, in a range of 9,181.40 to 9,274.20.
Across the Tasman, in New Zealand, the S&P/NZX 50 INDEX GROSS (^NZ50) fell 85.55 points to 14,173.68, down 0.60 percent, in a range of 14,114.36 to 14,259.23.
India's S&P BSE SENSEX (^BSESN) dropped 318.55 points to 81,592.45, down 0.39 percent, having traded between 81,288.75 and 81,879.51.
In Indonesia, the IDX COMPOSITE (^JKSE) bucked the regional trend, surging 93.51 points to 5,344.41, a gain of 1.78 percent, within a range of 5,215.15 to 5,361.94.
Malaysia's FTSE Bursa Malaysia KLCI (^KLSE) slipped 3.37 points to 1,582.59, down 0.21 percent, trading between 1,579.66 and 1,588.10.
South Korea's KOSPI Composite Index (^KS11) on Friday lost 52.20 points to 5,290.53, a decline of 0.98 percent, with volume of 247,829. The index traded between 5,259.09 and 5,504.44.
In Taiwan, the TSEC CAPITALIZATION WEIGHTED ST (^TWII) was a standout gainer, climbing 583.25 points to 43,675.12, up 1.35 percent, after trading between 43,534.12 and 44,489.48.
Most Middle Eats markets were closed Friday and will reopen on Sunday. Israel's TA-125 (^TA125.TA), which did trade, fell 38.61 points to 3,920.85, down 0.98 percent, within a range of 3,912.75 to 3,970.13.
In South Africa, the Top 40 USD Net TRI Index (^JN0U JO) dropped 103.12 points to 6,626.80, a loss of 1.53 percent, trading between 6,597.04 and 6,749.87.
(This report incorporates quotes retrieved with the assistance of artificial intelligence).
Related stories:
Thursday 12 November 2026 | Wall Street slides on Nvidia woes, Mideast turmoil, spiking oil prices Big News Network
Wednesday 11 November 2026 | Wall Street recovers Wednesday, Nasdaq surges 400 points | Big News Network
Tuesday 10 November 2026 | Dow Jones slides 158 points Tuesday, Nasdaq sheds 187 | Big News Network
Monday 9 November 2026 | Sellers swept away on the 'Street; Dow Jones, Nasdaq surge | Big News Network
Photo credit: Big News Network news agency
Share
Tweet
Share
Flip
Email
