The S&P 500 Index retreated from Thursday’s record as declines in Nvidia Corp. and other tech megacaps offset a rally in Broadcom Inc. that had earlier led tech and chip stocks higher.
The S&P 500 fell 0.3% after hitting an intraday record early in the session. The Nasdaq 100 Index rose 0.1%. A gauge of Magnificent Seven companies declined 0.3%. The Cboe VIX Index was around 15. Treasury yields fell to 4.07% in the wake of softer-than-anticipated jobs data.
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