Investors avoided another roller coaster day on Wall Street Friday. ADVERTISING Investors avoided another roller coaster day on Wall Street Friday. What they got instead was a steady, moderate decline that left the market with its worst weekly performance since
Investors avoided another roller coaster day on Wall Street Friday.
What they got instead was a steady, moderate decline that left the market with its worst weekly performance since May 2012.
Technology shares were especially hard-hit. Semiconductor makers slumped after Microchip Technology cut its sales forecast for the quarter and warned investors to expect bad news from others in the sector.
That sent shares lower for Avago Technologies, Intel and Texas Instruments, among others. Microchip Technology declined the most, shedding $5.59, or 12.3 percent, to $39.96.
The decline capped a week of turbulence in the market brought on by renewed fears that economic growth in Europe could be slowing.
The Dow Jones industrial average recorded its biggest gain of the year on Wednesday. The next day, it plunged 334 points, its steepest decline this year.
