{
  "id": 14996601,
  "title": "US stock indexes mostly losing ground as tech sector weighs on market",
  "url": "https://urgent.news/2026/10/16/us-stock-indexes-mostly-losing-ground-as-tech-sector-weighs-on-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T16:57:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/world/20261017/us-stock-indexes-mostly-losing-ground-as-tech-sector-weighs-on-market"
  },
  "original_language": "en",
  "account": "On Friday, stocks on Wall Street experienced mostly a decline as a pullback in major technology companies affected the market. The S&P 500 saw a 0.5 percent decrease by 12:23 p.m. Eastern time, with a weekly loss anticipated. The index is slightly below its all-time high reached last week. The Dow Jones Industrial Average saw minor gains and losses under 0.1 percent, while the Nasdaq composite declined 1.3 percent, signaling its first weekly loss in five weeks.\n\nWeakness in AI stocks, particularly in technology, has been a significant contributor to the tech-heavy index's decline this week. The biggest drag on the broader market came from technology companies, including Micron Technology, which saw a 3.8 percent drop, Advanced Micro Devices with a 3.7 percent decrease, Broadcom at 3 percent, and Intel losing 4.4 percent. Despite these declines, the majority of U.S. stocks were still on the rise. The past week has been turbulent for chipmakers and other large tech stocks crucial to the artificial intelligence industry. Investors are now concerned about these companies, which have relied heavily on debt markets to finance their operations.",
  "summary": "Stocks on Wall Street are mostly slipping Friday as another pullback in big technology companies weighs on the market. The S&P 500 was down 0.5 percent as of 12:23 p.m. Eastern time and on track for a weekly loss. The benchmark index is just below the all-time high it set last week. The Dow Jones Industrial Average wavered between small gains and losses of less than 0.1 percent. The Nasdaq…",
  "key_points": [
    "US stock indexes mostly declined on Friday",
    "Tech sector, especially AI stocks, weighed on market",
    "Micron Technology, AMD, Broadcom, Intel saw declines"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "US stock indexes mostly losing ground as tech sector weighs on market",
        "url": "https://urgent.news/2026/10/16/us-stock-indexes-mostly-losing-ground-as-tech-sector-weighs-on-market-15000522",
        "published": "2026-10-16T17:17:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}