New York • Technology stocks are dropping for a second day in a row as investors flee highflying Internet and biotechnology companies.
The Nasdaq composite closed out its third losing week in a row.
The Nasdaq lost 54 points, or 1.3 percent, to end at 3,999 Friday. It was only the second time this year the index has closed below 4,000. It's down 8 percent from the high it reached in early March.