Dow, S&P 500 and Nasdaq Retreat

Market volatility continues as tech giants and key indices experience notable declines amid economic uncertainty.

US stocks ended Friday in the red. The Dow closed down 333.59 points (0.77%) at 42,992.21, well off the day's low of 42,761.56. The S&P 500 dropped to 5,932.95, settled at 5,970.84 with a loss of 66.75 points (1.11%) while the Nasdaq ended lower by 298.33 points (1.49%) at 19,722.03, recovering from a low of 19,533.40.

Tesla closed nearly 5% downwards while Apple Inc., Nvidia, Alphabet, Microsoft Corporation, Amazon, Oracle Corporation, Netflix, Accenture, Morgan Stanley and Micron Technology lost 1 to 3%.

On the economic front, data showed that U.S. retail inventories, excluding autos, increased by 0.6% month-over-month in November, following an upwardly revised 0.3% rise in the prior month, according to preliminary estimates.

Meanwhile, wholesale inventories fell by 0.2% month-over-month to $902 billion in November after a revised 0.1% increase in the prior month, according to advance estimates. On a yearly basis, wholesale inventories increased by 0.9% in November.

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