U.S. stocks lower, Nasdaq falls 50 points, S&P 500 down 2% last week, Dow up 0.6%. ON Semiconductor shares dip 24% on acquisition news.
Nasdaq down fifth day (-4.6%), Fear & Greed in "Extreme Fear"; ON Semiconductor drops 24% post-Synaptics deal ($7B all-stock). Tech selloff signals budget pressure for IT teams. ON's crash indicates market skepticism on semiconductor M&A during contraction.
The CNN Money Fear and Greed index showed almost no change in the overall market sentiment, while the index remained in the "Extreme Fear" zone on Friday.
U.S. stocks settled lower on Friday, with the Nasdaq Composite falling more than 50 points during the session, recording its fifth straight losing session.
The S&P 500 fell around 2% last week, while the Nasdaq tumbled 4.6% in the period.
However, the Dow recorded gains, rising 0.6% last week.
ON Semiconductor Corp.
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