Nasdaq Has Worst Week Since April Amid AI Rally Jitters, US Yields Slip

GLOBAL MARKET - NEW YORK. The Nasdaq ended slightly lower on Friday but registered its biggest weekly percentage drop since early April as investors worried about the sustainability of a rally in artificial intelligence shares, while U.S. Treasury yields inched lower.

Chip and other tech-related stocks have been some of the biggest losers this week, while the Nasdaq fell about 3% for the week.