US equity markets slid on Friday to end the week on the red. Dow fell -219.28 points or -0.65% . The broader S&P500 slid -0.77%. The Nasdaq closed down -1.01%. The small capitalisation Russell 2000 ended -1.44% lower. The pullback was broad-based with all 11 sectors of the S&P500 closing in the red. Chip stocks underperformed after surging this year on investor enthusiasm over artificial intelligence. Nvidia, the best-performing stock in the S&P 500 this year, fell -1.9% on Friday, while Advanced Micro Devices fell -0.6%. Goldman Sachs shares declined -1.5% after CNBC reported the investment bank likely faces a large write down for its 2021 acquisition of fintech firm GreenSky. In contrast, CarMax shares jumped +10% after the used car retailer exceeded first quarter expectations. Other notable declines were US-based resource companies, Anglo-American down -3.56%, Glencore down -2.99%, Freeport McMoran -3.4%.
