Technology stocks are dragging down the market as Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.6%, with more than 80% of stocks in the benchmark index losing ground. The benchmark index was managing to hold onto a modest gain for the week.

U.S. markets are broadly lower before the opening bell in what's expected to be thin holiday trading. Futures for the S&P 500 and the Dow Jones Industrial Average slipped 0.4% in the early hours Thursday.

Stocks are opening lower in what should be another day of quiet trading on Wall Street. The S&P 500 is down 0.6% and the the Dow Jones Industrial Average is