The market finished lower in volatile trading on Friday, posting a third straight week of losses as investors continued to unload shares of large tech companies.
The Dow Jones Industrial Average was down 0.88%, nearly 250 points, on Friday, while the S&P 500 fell 1.12% and the tech-heavy Nasdaq Composite dropped 1.07%.
The major averages posted a third straight week of losses, their longest weekly losing streaks since last year.
Tech stocks again dragged the market lower: Shares of Apple, Amazon and Google-parent Alphabet all fell by 2% or more, while Facebook lost nearly 1%.
Shares of Oracle, which is trying to buy a minority stake in TikTok-parent ByteDance, declined 0.3% after the Trump administration said it would block all TikTok and WeChat downloads in the United States on Sunday.
Market sentiment also took a hit