US stocks fell Friday as technology shares sold off amid concerns about Nvidia, while the dollar reached a 19-month high. The Nasdaq dropped 1.40%, the S&P 500 fell 0.84%, and the Dow declined 0.23%.
The Nasdaq fell 1.40% to 25,009.58, leading Wall Street lower as the Philadelphia semiconductor index dropped 4%. Nvidia shares fell 3%, while Advanced Micro Devices and Broadcom also declined sharply. The S&P 500 lost 0.84% to 7,528.41 and the Dow fell 0.23% to 52,176.94.
US October producer prices rose 6.5% year over year, slightly less than expected, following a hotter-than-expected consumer prices reading earlier in the week. Two-year Treasury yields were on track for their largest weekly rise in more than two years. Traders priced an 11% chance of a 50-basis-point rate hike at the Federal Reserve’s December 8-9 meeting, versus zero probability a week earlier.
The dollar index rose 0.13% to 103.35, its highest level since April 2025 and its fourth consecutive day of gains. US crude fell 0.34% to $88.44 a barrel, while Brent declined 0.14% to $95.70, with both on track for a second straight weekly fall.
