Semiconductor stocks and Moonshot AI’s debut led a global tech decline, dragging U.S. equities lower in Friday trading.
U.S. stocks fell on Friday as a global decline in technology shares, led by semiconductors and Moonshot AI’s Kimi-K3 debut, pressured investor sentiment. The S&P 500 dropped 0.5%, while the Nasdaq Composite underperformed amid broader weakness in high-growth sectors.
The selloff followed a mixed session for tech earlier in the week, with semiconductor stocks retreating after recent gains. Moonshot AI’s market entry added to volatility, though details on its performance remained limited. Prior sessions had seen modest rebounds in equities, but Friday’s move erased earlier optimism.
No immediate market reaction data was provided, though the decline suggested caution among traders ahead of the weekend.