The S&P 500 fell 0.40% to 7,561.67 on Friday as continued weakness in semiconductor stocks weighed on the broader market. Despite the decline, the index gained 2.5% for the week, marking its first weekly advance since early October.

October’s Producer Price Index rose 0.3%, below expectations for a 0.4% increase, although annual producer inflation reached 6.5%, its highest level in nearly four years.

December S&P 500 futures traded as high as 7,669.25 and as low as 7,519.25. The contract settled at 7,583.00, roughly 11 handles below the day’s midpoint of 7,594.25, losing 32.25 handles from Thursday’s settlement.

Separately, the FAA ordered a nationwide ground stop late Friday following communications failures affecting air traffic control centers, disrupting flights across the country. The restriction was subsequently lifted.

On Monday, market participants can look forward to quarterly earnings from Tyson Foods (NYSE: TSN) and Baidu (NASDAQ: BIDU) before the opening bell. Looking further ahead, October retail sales and Nvidia’s highly anticipated earnings report are scheduled for Tuesday.

Among the largest components of the index, Meta Platforms Inc. (NASDAQ: META) emerged as the biggest gainer. The technology company advanced by $18.08, or 2.90%, to close at $641.69. That performance was approximately 3.3 percentage points stronger than the cash index’s decline.

Conversely, the biggest loser was Broadcom Inc. (NASDAQ: AVGO). For the day, the chip designer declined by $17.35, or 4.76%, to close at $347.01.