STOCKS | Moderna Jumps Over 12% as Chip Stocks Slide; Nasdaq Extends Losing Streak

Moderna (MRNA) surged more than 12% on Friday as chip stocks fell and funds rotated into the healthcare sector, according to Ming Pao. U.S. stocks closed slightly lower. The S&P 500 slipped about 0.05% to 7,354, the Nasdaq fell 0.24% to 25,297 for a fifth straight daily decline, and the Dow Jones Industrial Average dropped 0.09% to 51,876. For the week, the S&P 500 fell about 2.5%, the Nasdaq slid about 4.6%, and the Dow rose about 0.6%. The Philadelphia Semiconductor Index dropped about 5.3% to 13,203. The Nasdaq Golden Dragon China Index gained 0.7% to 5,730.