US stocks declined on Friday after disappointing news in the chip sector gave investors a reason to dump some tech shares, while stronger-than-expected retail sales revived worries about rising interest rates.
The Philadelphia Semiconductor Index fell 2.2 percent. Chip maker Analog Devices Inc posted weaker-than-expected sales growth, and its shares lost 16.6 percent to $26.61.
The Dow Jones industrial average was down 51.71 points, or 0.46 percent, at 11,072.90. The Standard & Poor's 500 Index was down 6.31 points, or 0.50 percent, at 1,265.50. The Nasdaq Composite Index was down 17.17 points, or 0.83 percent, at 2,054.57.