Finance

U.S. equities pulled back slightly on Friday following the Federal Reserve's hawkish policy signals, with the Nasdaq Composite leading the minor decline. Despite the end-of-week dip, all three major benchmarks finished the week in positive territory, breaking previous losing streaks for some indices.

While Nvidia recently gave tech indices a major lift following a blowout quarterly report, the broader semiconductor sector faced downward pressure at the end of the week. Shares of Marvell Technology tumbled roughly 10% after its earnings release, demonstrating the incredibly high performance bar investors are demanding from AI-linked companies.

The cryptocurrency market witnessed fading momentum as Bitcoin struggled to definitively hold above the $80,000 mark. Digital assets faced a combination of headwinds, including a large options expiration event and tightening liquidity concerns triggered by the Federal Reserve's restrictive monetary outlook.