Technology stocks are dragging down the market Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.3%, with more than 90% of stocks in the benchmark index losing ground. The benchmark index was managing to hold onto a modest gain for the week.

The Dow was lower by around 350 points, or 0.7%, in early-afternoon trading, the S&P 500 lost 1.2% and the Nasdaq Composite was down by 1.6% after a selloff in Big Tech stocks. Shares of Tesla ( TSLA) fell by around 4.5%, while Amazon ( AMZN ), Alphabet ( GOOG ), Microsoft ( MSFT )and Nvidia ( NVDA) were all lower by around 2%.

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