XXXXX | Closing Bell

The anchors recap a down week for major indices, with chip stocks like Applied Materials and Qualcomm seeing sharp late-day declines. They discuss supply bottleneck worries, potential demand destruction, and the 10-year Treasury rally extending to a third week. Sector performance was mixed, with healthcare and consumer discretionary higher, while tech dragged on the S&P 500. - S&P 500 posted its fifth straight daily decline, down about 2% on the week. - Nasdaq 100 fell roughly 1% on the day and 4% on the week. - Applied Materials and Qualcomm had large late-day spikes down with no news. - Micron reported blockbuster numbers earlier in the week. - Apple raised prices, fueling fears about demand destruction from supply bottlenecks. - Six S&P 500 sectors finished higher, led by healthcare (Eli Lilly); tech was the biggest drag. - 10-year Treasury yield fell for a third straight week; 30-year yield barely higher on the day.