This week, the S&P fell about 1.6%, the Dow dropped 1.4%, and the Nasdaq declined 2.2%. The Tech Giants Index fell 3.7%, the Memory Chip Index rose about 3%, the Semiconductor Index increased 0.9%, and the Small Cap Index dropped 1.1%.

On Friday (the day the US CPI inflation data was released), the S&P 500 index closed roughly flat in preliminary trading, with the telecommunications sector down 0.8%, the technology sector down 0.5%, the real estate sector up 1.4%, and the utilities sector up 2.5%. The Nasdaq 100 index preliminarily closed up 0.2%. Among its constituents, Strategy rose 8.7%, Applied Materials rose 7.7%, Dexcom rose 7.3%, Applovin rose 6.3%, while Seagate Technology, Axon, Meta, and Broadcom fell as much as 1.9%. Apple, Nvidia, Atlassian, and Starbucks fell as much as 2.6%. Nike preliminarily closed up 3.2%, UnitedHealth rose 3%, Disney rose 2.9%, and Cisco rose 2.5%, leading the Dow Jones components, while Visa fell 3.2%, leading the declines along with Nvidia and Apple.