US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.

Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.

wallstreetcn21:32 ET

NetherRealm Disbands Mobile Team, Shutting Down Mortal Kombat: Onslaught

Warner Bros Discovery Inc's (NASDAQ:WBD) NetherRealm Studios, the renowned developer behind the Mortal Kombat franchise, is experiencing significant upheaval with a recent round of layoffs and the

Benzinga16:17 ET

'Blue Screen of Death' Adds to Tech Pain on Summer Friday | Wall Street Today

U.S. stocks pulled back Friday, as the largest IT crash in history sent tech even lower for there week following a semiconductor sector pullback.

Moomoo Recap US16:07 ET

Meta Data Changes ADS Ratio From 1 ADS Representing 2 Class A Shares To 1 ADS Representing 10 Class A Shares

Meta Data Changes ADS Ratio From 1 ADS Representing 2 Class A Shares To 1 ADS Representing 10 Class A

Benzinga16:07 ET

Meta's 34% Year-to-Date Surge and a 5% Stake in EssilorLuxottica Transform Ray-Ban Smart Glasses and Reshapes Its Stock Trajectory

Meta has purchased a 5% stake in EssilorLuxottica for 4.33 billion euros.Market analysts remain optimistic about the growth potential of Ray-Ban smart glasses as Meta continues to enhance its

Benzinga15:59 ET

Government Agency Advises Public Against Testing 911 In Wake of CrowdStrike Outage

As much as someone may be tempted to dial 911 to make sure the emergency number works following the widespread CrowdStrike outage, authorities are coming across with this simple message: Don't do it.

Benzinga15:37 ET