Nasdaq Falls on Memory Chip Sell-Off; S&P Flat
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- Nasdaq sank as sellers hit memory chip stocks on Friday, with the chip sell-off and Iran fears weighing on the broader market (per Investor's Business Daily and CNBC headlines).
- The S&P 500 closed little changed even as crude oil prices fell for the first time in a week and Treasury yields slid.
Why it matters: The chip-led Nasdaq drop created a sharp tech-sector divergence from a flat S&P 500, meaning Friday's losses were concentrated rather than systemic — but with Iran fears pressuring sentiment while crude simultaneously fell, the geopolitical overhang remains the swing factor heading into next week.
