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Byline: NANCY GONDO
Tech stock weakness and surging oil prices sent Nasdaq stocks near their intraday lows. The composite index shed 0.4% Friday and 1.6% lower for the week. The Nasdaq 100 pulled back 0.5% for a 1.9% weekly loss. Volume fell slightly.
Chip stocks, desktop software makers, Internet firms and PC makers posted the biggest losses among IBD's 197 industry groups. The Philly semiconductor index fell 3%.
Electro Scientific Industries cratered 4.93 to a 52-week low of 17.58 on its heaviest turnover this year, as more than 3.7 million shares changed hands. The maker of chip gear said late Thursday it earned 36 cents a share in the fiscal …