U.S. stocks fell at the close of trading on Friday, posting weekly losses, pressured by continued selling in the semiconductor sector, fueled by concerns over the pace of spending on artificial intelligence, along with escalating geopolitical tensions in the Middle East.

Index

Index reading

Change in value

Change (%)

52,146.42

(406.55)

(0.77 %)

Week

Month

3 months

6 months

Year

3 years

All

25,520.24

(361.71)

(1.40 %)

7,457.69

(76.08)

(1.01 %)

24,830.98

(84.51)

(0.34 %)

8,338.81

(39.05)

(0.47 %)

10,600.37

28.17

0.27 %

24,562.24

(446.36)

(1.78 %)

64,141.12

(2,694.42)

(4.03 %)

78,151.45

964.58

1.25 %

At the session close, the Dow Jones Industrial Average fell by 0.77%, or 406 points, to 52146 points, declining 0.93% over the week.

The broader S&P 500 index fell by 1%, or 76 points, to 7457 points, and the Nasdaq Composite dropped by 1.40%, or 361 points, to 25520 points, recording weekly losses of 1.55% and 2.90%, respectively.

In Europe, the Stoxx Europe 600 index fell by 0.34% to 641 points, ending the week virtually unchanged.

While the UK's FTSE 100 rose 0.27% to 10600 points, Germany's DAX fell 0.34% to 24830 points, and France's CAC 40 declined 0.47% to 8338 points.

In Japan, the Nikkei 225 fell 4% to 64141 points, and the broader Topix index declined 2.70% to 3919 points.

Commodity

Price

Change in value

Change (%)

88.10

3.87

4.56 %

82.49

3.54

4.45 %

4,017.26

40.77

1.03 %

Regarding oil, Brent crude futures for September delivery jumped 4.59%, or $3.87, to $88.10 per barrel.

U.S. West Texas Intermediate (WTI) crude futures for August delivery rose 4.48%, or $3.54, to $82.49 per barrel.

As for gold, August delivery futures for the yellow metal increased 0.67%, or $26.70, to $4018.80 per ounce.

What's behind the market moves? Stock markets came under pressure from a sell-off in the chip sector, along with rising tensions between the U.S. and Iran and higher oil prices, which fueled concerns over sustained inflationary pressures and tighter monetary policy, particularly in the United States.