US stocks declined on Wall Street as losses in AI-driven chip stocks spread to broader markets. The Nasdaq and S&P 500 each fell more than 1 percent and finished lower for the week.
Semiconductor shares posted sharp weekly declines amid extended selling pressure. The drop triggered a broader risk-off sentiment among investors.
Energy stocks rose as oil prices climbed due to tensions in the Middle East. Bank earnings came in strong early in the period but provided limited support.
Weak forecasts from companies including Netflix added to the downward pressure on investor confidence despite the positive bank results.
