U.S. stocks fell on Friday as mixed earnings news and accelerated selling in Internet stocks put investors on edge.

The Nasdaq Composite Index, heavily weighted toward fast-growing technology and early-stage health-care companies that have borne the brunt of recent selling, slid 56 points, or 1.4%, to 4092 in midday trading.

The Dow Jones Industrial Average lost 119 points, or 0.7%, to 16383 and the S&P 500 index fell 12 points, or 0.6%, to 1867.

The recent decline in shares of social-media, cloud-computing and biotechnology companies resumed the last few days and rolled on Friday, following a respite last week.

Despite big drops in many stocks, “you’re not seeing the bigger buy tickets come back into those names,” said Brett Mock, managing director at brokerage firm JonesTrading Institutional Services LLC. “You’re seeing people sitting and waiting.”

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