Close: Nasdaq ETF Falls 2.50% as Tech, Smaller Stocks Retreat

U.S. stocks closed lower Friday, with the Nasdaq 100-tracking QQQ falling 2.50% to $709.80 and the S&P 500-tracking SPY losing 1.11% to $763.25. The Dow-tracking DIA declined 0.40% to $519.10, while the Russell 2000-tracking IWM shed 1.69% to $270.44.

Microsoft fell 1.93% to $529.05 and Nvidia declined 1.43% to $214.13, while Apple bucked the technology weakness with a 0.43% gain to $343.46. Exxon Mobil rose 2.46% to $178.98, finishing near its session high of $179.16, and JPMorgan Chase gained 1.25% to $339.72.

Losses were sharper among several smaller companies: small-cap Aehr Test Systems dropped 12.44% to $60.60, Plug Power lost 7.07% to $1.38 and Intuitive Machines fell 6.83% to $10.78. Mid-cap IonQ slid 8.94% to $31.28. Among micro-caps, Duos Technologies declined 6.25% to $5.40 and ClearSign Technologies slipped 2.04% to $2.40.

Risk concerns featured in the day's headlines, with CNBC reporting a surge in Wall Street's fear gauge and examining debt-market clues behind CoreWeave's weekly selloff. Reuters reported that the U.S. was soliciting an exchange of up to 17 million barrels of oil from the strategic reserve.

Next week's earnings from Capital One and Meta are among the upcoming company reports highlighted by CNBC. The next session will also test whether technology and smaller stocks stabilize after Friday's declines, and whether strength in Exxon Mobil and JPMorgan persists.