US stocks extended declines on Friday, putting benchmarks on track to snap a string of weekly gains as investors continued to fret about stretched valuations in the tech sector.<\/p>\n
The S&P 500 Index<\/a> fell 1.1% at 11:46 a.m. in New York, and is now trading below its 50-day moving average. The tech-heavy Nasdaq 100 Index<\/a> dropped 1.9%, putting both gauges on track to end a three-week winning streak. Block Inc., Microchip Technology Inc. and Take-Two Interactive Software Inc. were some of the biggest decliners.<\/p>\n","protected":false},"excerpt":{"rendered":"US stocks extended declines on Friday, putting benchmarks on track to snap a string of weekly gains as…\n","protected":false},"author":2,"featured_media":120834,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[343,76806,12808,9575,76805,42,3961,43,3310,5268,75398,38788,125,40,38,41,39],"class_list":{"0":"post-120833","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-artificial-intelligence","9":"tag-block-inc","10":"tag-chief-executive-officer","11":"tag-economic-growth","12":"tag-gds-wealth-management","13":"tag-headlines","14":"tag-labor","15":"tag-news","16":"tag-sp-500-index","17":"tag-stocks","18":"tag-take-two-interactive-softwre","19":"tag-tax-cuts","20":"tag-technology","21":"tag-top-news","22":"tag-top-stories","23":"tag-topnews","24":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/120833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=120833"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/120833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/120834"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=120833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=120833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=120833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}