NEW YORK (TheStreet) -- If you're not already used to the stock market's recent gyrations, it's definitely time to get ready for more ups and downs.
The Dow Jones Industrial Average lost more ground Friday, closing at 16,384.58, a drop 290.16 points or by 1.7%. The S&P 500 Index and Nasdaq Composite Index also declined, dropping by 1.6% and 1.4%, respectively.
Stocks gave up their gains of the week after the Federal Reserve decided on Thursday to keep interest rates unchanged. Read TheStreet'sfull report.
Among big technology stocks, Apple(AAPL) - Get Report finished the day at $113.45, a drop of less than 1%. The stock decline came amid reports that some users are experiencing crashes when upgrading their devices to the iOS 9 operating system.
Even in the wake of several major product announcements earlier this month, Apple stock is effectively flat for the year. Apple shares closed at $110.38 on Dec. 31, 2014.
Shares of Apigee (APIC) soared by 15.3% Friday, closing at $10.24. The company, based in San Jose, Calif., helps businesses securely share data and services across devices and channels.
The company's share price has nearly doubled in less than 30 days. Apigee stock was trading at $6.03 on August 24. Still, they were trading above $11 in June 2014.
Earlier this month Apigee announced record quarterly revenue of $18.7 million for its fiscal fourth period.
Still, Summit Research upgraded Micron stock Friday, citing improving business conditions for the company's products, Investor's Business Dailyreported.
Micron stock is down sharply this year. The company's shares were trading at $35.01 on Dec. 31, 2014.
Shares of HP(HPQ) - Get Report fell for the second consecutive day after the company announced on Wednesday it plans to cut up to 33,000 additional jobs. The job cuts come as HP is preparing to split into two companies.
HP shares closed Friday at $26.57, a decline of 3.6%. They fell by 3.2% on Thursday. HP shares rose by 5% on Wednesday after the company announced its restructuring plans.
Qualcomm(QCOM) - Get Report shares closed at $54.45 Friday, a decline of 1%. The San Diego, Calif.-based chip maker said it would cut more than 1,300 jobs at its headquarters and hundreds more elsewhere at it retools its business in the face of rising competition. Read TheStreet'sfull report.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.