Tech Stocks Lead Decliners, Nasdaq's YTD Loss 13%
- Brian Turner
- U.S.A. New York City
Tech stocks led the decliners for the third week in a row and U.S. indexes closed mixed. Nasdaq Composite fell 1.3% on Friday capping the weekly loss of 3.9% while the S&P 500 fell 0.3% and 1.3% respectively. Chipmakers led the weakness with persistent supply chain worries and growing threat of a recession. For the year, tech heavy Nasdaq and the S&P 500 are down 13.4% and 6.4% respectively.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tesla Inc | TSLA | 30% | 48% | -84% |
| Apple Inc | AAPL | 33% | 43% | -24% |
| NVIDIA Corporation | NVDA | 178% | -72% | -40% |
| Micron Technology Inc | MU | 31% | 54% | -41% |
| Alphabet Inc | GOOG | 38% | 55% | -97% |