On Friday morning, the US markets experienced a decline following a global computer outage that impacted tech stocks, which were already facing a significant drop earlier in the week. This decline was further exacerbated by reports indicating that the Biden administration is contemplating stricter semiconductor trade restrictions between the US and China.
This week has been marked by volatility in the stock market. The S&P 500 reached a new record high on Tuesday, only to see a sharp decline by Thursday, marking its worst two-day drop since April.
The Dow Jones Industrial Average was down by 214 points, representing a 0.5% decrease. The S&P 500 also experienced a decline of 0.1%, while the Nasdaq Composite lost 0.2% of its value.
