US stocks post 2nd straight weekly decline as S&P 500 gives up most Friday gains | Markets Insider

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US stocks post 2nd straight weekly decline as S&P 500 gives up most Friday gains

Stocks ended Friday mixed as technology stocks led the market lower, causing the Nasdaq composite index to finish in the red. The Dow Jones industrial average and S&P 500 held onto gains.

Friday's close marked the second straight weekly decline for US stocks. The S&P 500 postesd back-to-back weekly losses for the first time since early March, when the COVID-19 pandemic was nearing its peak.Spot gold slid 0.2% as the precious metal continues to consolidate within a tight $100 range of $1,900 to $2,000.US stocks ended Friday mixed as technology stocks continued to lead the market lower, erasing early-morning gains.

 

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