Skip to content
Subscriber Only

U.S. Tech Stocks Decline in Worst Week Since March: Markets Wrap

  • Topsy-tury session ends with Nasdaq lower, Dow average higher
  • Softbank said to consider revamping its options-buying plan
Reaction In Japan To Prime Minister Shinzo Abe's Resignation Announcement
Photographer: Soichiro Koriyama/Bloomberg
Updated on

U.S. stocks ended a volatile session with major averages mixed, as declines in technology shares continued after a five-month rally came to a halt last week.

The S&P 500 ended little changed, while the Nasdaq 100 fell for the fifth time in seven days to cap its worst week since March. The tech-heavy index traveled 3% from high to low Friday and is 11% from its Sept. 2 record. The rout comes after a torrid August capped a 58% rally from late March. Apple Inc. has plunged 16% from its 10-day old high, but remains only at the lowest in a month.