02:27 PM EST, 11/07/2025 (MT Newswires) -- US benchmark equity indexes were lower intraday amid continued weakness in technology shares, while a survey showed that consumer sentiment fell to the lowest level since 2022.

The Nasdaq Composite was down 1.4% at 22,722.3 after midday Friday, while the S&P 500 fell 0.8% to 6,663.1. The Dow Jones Industrial Average lost 0.5% to 46,688. Among sectors, communication services and tech saw the biggest drops, while energy paced the gainers.

Shares of several key tech names were down intraday Friday after closing lower in the previous session. Nvidia ( NVDA ) declined 2.2%, following a 3.7% drop Thursday, while Amazon.com ( AMZN ) was down 1.1%. Advanced Micro Devices ( AMD ) fell 4.4%, while Microsoft ( MSFT ) moved down 0.5%.

The week has been "dominated by worries over lofty (tech) valuations and growing signs of economic softness," D.A. Davidson said in a note to clients.

Nvidia ( NVDA ) was among the worst performers on the Dow intraday Friday. The US chipmaking giant is not in "active discussions" to sell its Blackwell artificial intelligence chips to China and has no plans to ship them there, Reuters reported, citing Chief Executive Jensen Huang.

Tesla (TSLA) stock was down 3.6% intraday, a day after shareholders approved CEO Elon Musk's roughly $1 trillion compensation plan. Wedbush Securities said the electric vehicle maker needs to pass "significant hurdles" to unlock the pay package.

Take-Two Interactive Software ( TTWO ) shares sank 8.6% intraday Friday, the worst performer on the S&P 500. Late Thursday, the video game publisher again delayed the launch of its highly-anticipated title "Grand Theft Auto VI."

Expedia Group ( EXPE ) shares jumped nearly 17% intraday Friday, the top gainer on the S&P 500. The travel booking platform delivered a quarterly beat late Thursday.

US Treasury yields were lower intraday, with the 10-year rate down two basis points at 4.07% and the two-year rate losing 2.7 basis points to 3.54%.

In economic news, US consumer sentiment fell to the weakest level in more than three years amid concerns about the federal government shutdown's impact on the economy, preliminary results for November from a University of Michigan survey showed Friday.

"With the federal government shutdown dragging on for over a month, consumers are now expressing worries about potential negative consequences for the economy," Surveys of Consumers Director Joanne Hsu said. "This month's decline in sentiment was widespread throughout the population, seen across age, income, and political affiliation."

The government shutdown is now in its 38th day. It is the longest ever and has furloughed some federal employees and delayed key economic data, including Friday's nonfarm payrolls report for last month.

Senate is expected to work through the weekend on ending the shutdown, CBS News reported Friday, citing Senate Majority Leader John Thune.

Separately, a survey by the Federal Reserve Bank of New York showed that US consumers' inflation expectations fell at the short-term horizon in October, but stayed unchanged at the medium- and long-term horizons.

"Unemployment rate and job finding expectations worsened, while job loss expectations slightly improved," the Fed branch said.

Fed Vice Chair Philip Jefferson said it "makes sense to proceed slowly" as policymakers approach the neutral rate. "The current policy stance is still somewhat restrictive, but we have moved it closer to its neutral level that neither restricts nor stimulates the economy," Jefferson said.

The Fed cut its benchmark lending rate by 25 basis points last week and reiterated concerns regarding the labor market.

West Texas Intermediate crude oil was up 0.5% at $59.7 a barrel intraday Friday. "Oil prices inched higher, but remained headed for a second weekly loss on persistent supply and demand concerns," D.A. Davidson said in the note.

Gold was up 0.6% at $4,013.10 per troy ounce, while silver rose 0.4% to $48.15 per ounce.