The bulls tried their best, but the valiant effort to finish last week on a high note failed. The S&P 500 lost 0.18% of its value on Friday, though the broad market is still in record-high territory.
Nvidia (NASDAQ:NVDA) proved to be the biggest drag on the overall market, sinking 1.6% as part of a general malaise among other tech names. Advanced Micro Devices (NASDAQ:AMD), as expected, lowered its pricing in response to planned product launches from it as well as from rival Nvidia. Samsung helped set the pessimistic tone too, warning investors that its next quarterly report’s bottom line could be down by more than half.