Stocks fell broadly on Friday as Wall Street closed out a holiday-shortened week on a down note. The losses were made worse by sharp declines for the Big Tech stocks known as the “Magnificent 7”, which can heavily influence the direction of the market because of their large size.

Among Apple, Nvidia, Microsoft, Alphabet, Amazon, Meta Platforms, and Tesla, there's a dominant company waiting to captivate investors with a historic stock-split announcement.

Stocks wavered in a quiet post-holiday session as mixed jobless claims data did little to alter bets on the Federal Reserve outlook.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayEquities struggled to gain traction after a rally that sent the S&P 500 to its best Christmas Eve performance since 1974,