Tech stocks drag Nasdaq and S&P 500 lower as airlines rally on sliding oil

U.S. stocks finished mixed, with the Nasdaq and S&P 500 closing lower and the Dow edging higher as pressure on tech shares persisted. Tech weakness erased more than $1 trillion from the Nasdaq over the week. Oil slid to its lowest level since the Iran conflict began, as more tankers transited the Strait of Hormuz and President Donald Trump said Iran was not charging tolls. Investors also focused on the possibility of a second Fed rate hike by December and Thursday’s PCE inflation report.