US stocks declined on Friday, with the major indexes posting weekly losses led by declines in the semiconductor sector. The S&P 500 dropped more than 1.5% for the week while the Nasdaq declined 2.9%.

The S&P 500 fell on Thursday, as a slide in chip stocks weighed on the index even on the back of solid earnings.

The Dow was flat, while the Nasdaq and S&P 500 rose as the stock market weighed the CPI inflation report, big bank earnings, and IBM's earnings warning.

The Dow Jones Industrial Average was rising in late morning trading, with UnitedHealth Group the index's top performer Thursday as shares of the company jumped after its earnings report. The Dow was up about 145 points,

The Dow Jones Industrial Average scaled to record highs on Thursday as investors reacted to a weaker-than-expected nonfarm payrolls report for June.

Google earnings and capex guidance will be key for battered AI stocks. Tesla, Intel, GE Vernova also will report.

UnitedHealth just posted a massive beat-and-raise quarter, and the results are having a big impact on the Dow Jones Industrial Average. Dow futures are now up about 140 points, or 0.3%, as the S&P 500 contract is still lower,