# Nasdaq Composite Drops 2.14% Friday, Down More Than 4% for Week By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/33829 Published: 2026-10-17T07:44:31.000Z Updated: 2026-10-17T07:44:31.000Z Section: Investing > The weekly decline came amid a pullback in artificial intelligence-related stocks, with memory-chip makers among the hardest-hit groups. The Nasdaq Composite fell 2.14% on Friday, Oct. 16, as technology shares came under pressure. The index lost more than 4% over the week. The weekly decline came amid a pullback in artificial intelligence (AI)-related stocks. Memory-chip makers were among the hardest-hit groups as investors reassessed the technology sector. The S&P 500 fell 1.1% and the Dow Jones Industrial Average lost 0.3% in Friday’s [broader technology-led selloff](). ## Links in this article - [broader technology-led selloff](https://www.tokenpost.com/news/investing/33538)