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.

US stocks slumped Friday morning after a decent run across the holiday-shortened week. Investors have pared back gains after Thursday's mixed jobless claims data, which sent the 10-year Treasury yield above 4.6% and reached a seven-month high. The rate fell back modestly on Friday.

BANGKOK (AP) — Asian shares were mostly higher Thursday in thin post-Christmas holiday trading, while oil prices rose. Japan’s Nikkei 225 index surged 0.8% to 39,449.55, on strong gains in retailers and tourism-related stocks after Japan agreed to ease visa conditions for Chinese tourists.

Technology stocks are dragging down the market as Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.6%, with more than 80% of stocks in the benchmark index losing ground. The benchmark index was managing to hold onto a modest gain for the week.

Stocks slipped as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1% Friday and the the Dow Jones Industrial Average lost 191 points, or 0.5%. The Nasdaq

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.

Following a robust Christmas Eve performance, the stock market experienced a subdued session on Thursday, as mixed jobless claims data provided little impetus for significant moves. The S&P 500, while managing to claw back some of its earlier losses,