US stocks slumped Friday morning after a decent run across the holiday-shortened week. Investors have pared back gains after Thursday's mixed jobless claims data, which sent the 10-year Treasury yield above 4.6% and reached a seven-month high. The rate fell back modestly on Friday.

Technology stocks are dragging down the market as Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.6%, with more than 80% of stocks in the benchmark index losing ground. The benchmark index was managing to hold onto a modest gain for the week.

Stocks slipped as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1% Friday and the the Dow Jones Industrial Average lost 191 points, or 0.5%. The Nasdaq