Nasdaq falls 1 pct as Micron, Intel weigh

The Nasdaq Composite fell 1 percent in afternoon trading on Friday after weak forecast from Micron Technology dragged down chipmakers including Intel. The Dow Jones Industrial Average, however, was lifted by Nike’s raised sales forecast and better-than-expected U.S. consumer sentiment data. University of Michigan's final reading on the overall index on consumer sentiment for June was 96.1, higher than its preliminary reading of 94.6.