Stocks fell broadly on Friday as Wall Street closed out a holiday-shortened week on a down note. The losses were made worse by sharp declines for the Big Tech stocks known as the “Magnificent 7”, which can heavily influence the direction of the market because of their large size.

Stocks closed lower as Wall Street ended a holiday-shortened week on a down note. The S&P 500 fell 1.1% Friday and the the Dow Jones industrial average lost0.8%.

Technology stocks were the biggest weight on the market Friday. Semiconductor giant Nvidia slumped 2.7%. Its enormous valuation gives it an outsize influence on indexes. Other Big

Stocks fell in morning trading Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1%. The benchmark index is still on track for a 0.8% gain for the week. The Dow Jones Industrial Average fell 191 points,

Wall Street closed mixed in thin post-holiday trading, with tech and communications stocks offsetting gains in other sectors. The S&P 500 dipped slightly, while the Dow edged up and Nasdaq declined.