The Nasdaq Composite extended its losing streak to a fifth consecutive session on Friday, weighed down by persistent selling in the semiconductor sector.
Investors continued to offload shares of chipmakers, driven by growing concerns over rising production costs that threaten to squeeze margins in the industry.
The tech-heavy index closed lower, marking a continuation of the weakness that has plagued US equity markets throughout the week.
The downturn reflects a broader risk-off sentiment, with traders rotating away from high-growth technology names as cost pressures mount.
The semiconductor sector, a key driver of the Nasdaq’s performance, faced particular scrutiny as investors reassessed the impact of higher input expenses on future earnings.
This latest decline follows a fourth straight session of losses on Thursday, when renewed selling pressure in the technology sector dragged down major US equity indices.