U.S. Stock Market indexes S&P 500, Dow Jones, Russell ​2000 hit record lows on Black Friday, Nvidia, Alphabet, Tesla, Meta Platforms, ⁠Microsoft fall big

U.S. Stock Market indexes fell sharply ending the week in red on Friday. Wall Street's most valuable stocks -- "Magnificent Seven" -- fell. S&P 500 notches four straight weeks of declines, longest string of weekly losses since period ended March 2025. Dow Jones logs four straight weeks of losses, longest string of weekly declines since period ended February 2023. Russell 2000 ends 10.3 per cent ‌below ⁠record ⁠closing high reached on ⁠January ‌22, confirming the ⁠index has been ‌in correction since ⁠that date.

According ‌to preliminary data, the S&P 500 lost 99.01 points, or 1.49 per cent, to end at 6,508.32 points, while the Nasdaq Composite lost 436.98 points, or 1.98 per cent, to 21,653.71. The Dow ​Jones Industrial Average ​fell 422.32 points, or 0.92 per cent, ⁠to 45,599.11.

All three main indexes were heading for ​their fourth straight week of losses and were below their 200-day moving averages, underscoring the recent deterioration of sentiment on Wall Street. Super Micro Computer tumbled after three people associated with the artificial intelligence server maker were charged with smuggling at least $2.5 billion of AI technology to China. Rival Dell advanced.


Wall Street's most valuable companies declined, with Nvidia , Alphabet, Tesla, Meta Platforms and ⁠Microsoft all ‌losing ground. U.S. Treasuries fell for a third session, in step with a broader selloff in UK and European government bonds, as the Middle East conflict kept oil prices ⁠elevated and reinforced inflation worries.

"The market is ​finally settling into the idea that this may go on longer than initially expected, and I think that's why markets ​are selling off. This conflict may go on not for just a few weeks, but maybe beyond several months," said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma.

Friday marks the once-in-a-quarter simultaneous expiry of derivatives contracts tied to stocks, index options and futures, also known as "triple witching," which can boost trading volume and aggravate volatility.