Tech Shares: Points and Indexes Fare

tech shares: The tech conglomerate cited the effects of the U.S.-China trade fight, while a round of disappointing Chinese economic data also weighed on sentiment, according to Market Watch. How did major indexes fare The Dow Jones Industrial Average DJIA, -0.07% fell 17.16 points, or 0.1%, to end at 26,089.61, while the S&P 500 index SPX, -0.16% declined 4.66 points, or 0.2%, to 2,886.98. All major stock indexes closed lower Friday after the Dow failed to defend a late comeback, with tech shares under pressure following lower guidance by chip giant Broadcom Inc. The tech-laden Nasdaq Composite Index COMP, -0.52% shed 40.47 points, or 0.5%, to close at 7,796.66. The update dents hopes for a rebound in the semiconductor market, with the company citing a combination of the U.S. sanctions on Chinese technology giant Huawei Technologies Co. and customers concerned about trade policy. All indexes gained for a second week in a row with the Dow up 0.4%, the S&P 500 up 0.5% and the Nasdaq adding 0.7%. What drove the market Tech shares were the biggest losers after Broadcom AVGO, -5.57%lowered its outlook for the rest of the year Thursday afternoon. (news.financializer.com). As reported in the news.