Major US stock indexes closed slightly lower on Friday, with technology stocks leading the declines again. The Nasdaq was the weakest performer, down 0.24%, while the Dow Jones Industrial Average fell 0.09% and the S&P 500 fell 0.05%.
The Nasdaq has now fallen in each of the past five trading sessions and is down 4.60% over the week. With two trading days remaining in June, the index is down 6.21% for the month, putting it on track for its worst monthly performance since March 2025, when it fell 8.21%.
The S&P 500 index also recorded its fifth daily decline in a row, although losses over the past three sessions were minimal. The index fell 0.05% today after falling just 0.01% on Thursday and 0.10% on Wednesday, highlighting a market that was drifting lower rather than accelerating to the downside. During the week, the S&P 500 fell 1.95%, its worst weekly performance since the week ending June 1. Over the course of the month, the index fell 2.98%, marking its weakest month since March’s 5.09% decline.
The Dow Jones Industrial Average continues to hold up relatively well. Despite falling 0.09% on the day, the benchmark index rose 0.60% during the week and is still up 1.65% for June.
Meanwhile, the small-cap Russell 2000 continues to shrug off concerns about rising interest rates. The index rose 0.07% on Friday, bringing its weekly gain to 1.01%. During the month, the Russell Index rose by an impressive 3.10%, making it the standout performer among the major US indexes.
As the first half of the year comes to a close, key indicators remain firmly in positive territory:
- Nasdaq: +8.84% year-to-date
- Dow Jones Industrial Average: +7.94% YTD
- S&P 500: +7.43% year-to-date
- Russell 2000: +1.28% year-to-date
Despite the weakness seen this week, particularly in technology stocks, the broader market still heads into the second half of the year with strong gains, while investors continue to rotate toward value stocks and small-cap stocks. Here’s a look at some of the week’s biggest losers and some of the week’s biggest gainers.
Biggest losers of the week
- Strategy (MSTR): -26.86%
- ARM Holding Company (ARM): -23.94%
- Western Digital (WDC): -21.43%
- Oracle (ORCL): -19.36%
- Raytheon (RTX): -17.17%
- Albemarle (ALB): -16.62%
- Nebius Group (NBIS): -16.27%
- Qualcomm (QComm): -16.24%
- Defiance Drone and Modern Warfare ETF (WAR): -15.33%
- Marvell Technology (MRVL): -14.44%
- Palantir Technologies (PLTR): -12.10%
- Texas Instruments (TXN): -11.59%
- Alibaba ADR (BABA): -11.48%
- Broadcom (AVGO): -11.26%
- Ambarella (AMBA): -11.18%
Biggest winners this week
- United Airlines Holdings (UAL): +15.04%
- Corning (GLW): +14.41%
- Merck & Co. (MRK): +12.75%
- ARK Genomic Revolution Mutual Fund (ARKG): +12.40%
- CIEN Corporation (CIEN): +11.99%
- American Airlines Group (AAL): +11.76%
- Johnson & Johnson (JNJ): +11.34%
- Dollar Tree (DLTR): +10.99%
- SPDR S&P Biotech ETF (XBI): +10.42%
- Biogen (BIIB): +9.97%
This article was written by Greg Michalowski at Investinglive.com.
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