Finance

Wall Street ended its session down on Friday, reacting to tighter monetary policy expectations and a cooldown in the technology sector. Despite minor losses from the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite at the closing bell, all three major averages wrapped up the week in positive territory.

Despite robust earnings and elevated future growth forecasts, Marvell Technology saw its shares slide more than 10% amid investor doubts regarding the timing of revenue from its artificial intelligence chip deal with Google. This decline weighed heavily on the broader semiconductor sector and technology-heavy indexes, highlighting heightened market scrutiny over AI-fueled valuations.

The leading cryptocurrency fell below the $80,000 psychological baseline as a hawkish macro outlook cooled recent risk-on trading. However, a steady stream of institutional inflows into spot Bitcoin ETFs over the week helped prevent a deeper reversal, keeping the asset well ahead of its performance from earlier in the month.