The market continues to digest this week's USA economic data, with the three major US indices opening high but closing low on Friday. The Dow Jones fell 86 points or 0.2%, closing at 43,828 points, marking its seventh consecutive trading day of declines, which is the longest losing streak since 2020. Broadcom (AVGO.US) had excellent earnings, with its stock soaring over 20%, yet it could not support the market, and the NASDAQ's rise was limited to a mere 0.02 million points.

The S&P 500 Index closed nearly flat at 6,051 points, and the NASDAQ rose by 23 points or 0.1%, closing at 19,926 points. For the entire week, the Dow Jones fell a total of 1.8%, the S&P 500 Index also dropped 0.6%, while the NASDAQ rose 0.3%.

Broadcom's quarterly results exceeded expectations, with its stock price surging 24.4% for the day, and its market cap surpassed 1 trillion USD for the first time. Tesla (TSLA.US) rose 4.3%, setting a new closing high.

Other chip stocks performed well, with Taiwan Semiconductor (TSM.US), Arm (ARM.US), and Micron (MU.US) rising over 2% to 5%. NVIDIA (NVDA.US) initially rose but later fell, closing down 2.3%.

Technology stocks weakened, with Amazon (AMZN.US) down 0.7%, and Alphabet (GOOG.US) and Meta (META.US) both falling over 1%.