Shares typically ended lower on Friday, tumbling to the bottom of the session in the closing minutes of trading. Technology-related stocks rebounded after a flight fueled by a surge in government bond yields, but still suffered weekly losses. The Dow Jones Industrial Average DJIA,
ended with a loss of about 475 points, or 1.5%, close to 30,928, according to preliminary figures. The blue chip meter ended the week at 1.8%, the decline was offset by a rotation in shares of companies that are more sensitive to the economic cycle. The S&P 500 SPX,
delivered a modest gain for the closing clock, ending with a loss of about 18 points, or 0.5%, close to 3,811, leaving behind a 2.5% weekly drop. The tech-heavy Nasdaq Composite clung to a gain of around 73 points, or 0.6%, to close out near 13,332 on Friday, after its largest one-day drop since October in the previous session. The Nasdaq was down 4.9% weekly.