These 2 Stocks Chipped Away at the Nasdaq Friday
The stock market was engaged in a tug of war on Friday, as major market benchmarks did their best to hold onto their hard-earned gains from earlier in the week. As of 11 a.m. ET, the Nasdaq Composite (NASDAQINDEX: ^IXIC) was the only one of the major indexes to see a slight uptick, having posted the best year-to-date returns four weeks into 2023. Intel (NASDAQ: INTC) and KLA (NASDAQ: KLAC) were both among the biggest decliners on the Nasdaq, and together, they painted a downbeat picture that pulled some other semiconductor stocks lower as well.