Stocks lost ground on Friday morning, continuing their slide after the Dow Jones Industrial Average posted its worst day since 2020.

The 30-stock index woozed 226.73 points, or 3.1%, to 32,721.24.

The S&P 500 faltered 22.94 points to 4,123.93,

The NASDAQ Composite dropped 82.91 points, to 12,317.69.

The losses on Friday put the three major indexes on track to finish lower for the week despite starting with three straight positive sessions.

Thursday’s losses erased Wednesday’s big post-Federal Reserve meeting rally. Fed Chair Jerome Powell ruled out the prospect of larger rate hikes on Wednesday, sending the S&P 500 and the Dow to their best daily gains since 2020.

Technology stocks bore the brunt of Thursday’s fall, with cloud companies, e-retailers and mega-cap names seeing steep declines. That trend continued on Friday, with Microsoft and Amazon falling more than 1% and Netflix dropping 2.5%.

Speculative areas of the market such as biotech and solar energy were also hit hard on Friday. Illumina dropped more than 11%, while Enphase Energy fell nearly 5%.

On the earnings front, shares of Under Armour dropped more than 22% after the apparel company missed estimates on the top and bottom lines. That appeared to hurt rival Nike, whose shares dropped more than 6% and weighed on the Dow.

DoorDash tumbled 12% and Block dropped 3% after missing key estimates in their reports.

The losses came despite an April jobs report that showed a gain of 428,000 jobs, more than the 400,000 expected by economists surveyed by Dow Jones.

Treasury prices jumped sharply, with yields falling to 3.09% from Thursday’s 3.03%. Treasury prices and yields move in opposite directions.

Oil prices gained 93 cents to $109.19 U.S. a barrel.

Gold prices took on $8.40 to $1,884.10 U.S. an ounce.

Indexes Still Negative After Thursday Carnage