Technology stocks extended their declines Friday, dragging broader indexes toward weekly losses, as volatility reigned and inflation fears heightened.
Stocks opened higher, as traders bought stocks after Russian President Vladimir Putin said in televised remarks that there had been positive developments during talks with Ukraine, even as Russian forces continue to pound Ukrainian cities. By afternoon, stocks’ losses accelerated, with the S&P 500 and Nasdaq Composite solidly in the red and the Dow Jones Industrial Average briefly turning negative, as investors weighed the risk of heading into the weekend holding stocks.