By Joseph Adinolfi and Gordon Gottsegen
The highflying semiconductor trade finally ran into trouble late this week
Stocks had a rough day, and a rough week.
A remarkable two-month sprint higher for major stock-market indexes encountered its first major hiccup on Friday as the Nasdaq Composite plummeted more than 1,121 points - the biggest one day point drop on record, according to Dow Jones Market Data.
That translated to a 4.2% decline for the index, the biggest in percentage-point terms since April 10, 2025, data showed. A 2.6% drop for the S&P 500 SPX on Friday was its worst since Oct. 10.
