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Stocks fell on Friday and capped a negative week as chipmakers continue to drop.

Stocks fell on Friday, with the top benchmarks capping a negative week dragged by chipmakers and escalating tensions between the U.S. and Iran.

The S&P 500 dropped 1.01%, while the tech-heavy Nasdaq Composite underperformed falling 1.40%. The Dow Jones Industrial Average plunged 0.77%.

Netflix also underperformed, dropping more than 7% even though its earnings report was in line with analysts' estimates.

The company reported $12.56 billion in revenue, a 13% inter-annual increase, just below analysts' expectations. The company said the figure could be explained by membership growth, pricing and increased ad revenue.

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The company also noted that price increases last year were consistent with its expectations. It expects revenue to grow 12% the next quarter, saying its outlook for the year is consistent with previous forecasts.

Tensions continue to rise in the Middle East in the meantime. Oil prices surged after the U.S. targeted Iranian infrastructure and Tehran retaliated by targeting U.S. bases in the region.

A new report detailed that the U.S. is sending more refueling planes to Israel ahead of a potential expansion of operations.

Axios detailed that President Donald Trump is considering the possibility as the U.S. already escalates attacks against Iranian infrastructure. Concretely, forces targeted bridges, energy sites and a tower at a key Iranian port over the past hours.

The strikes appear to seek to cut off Iran's main port, Bandar Abbas, from roads leading to the central region of Iran, as well as Tehran. The AP noted that other routes remain open, but the U.S. could expand the strikes as well.

The outlet noted that further options being considered are bombing power plants, more attacks against nuclear facilities to bury the country's enriched uranium further and bombing Pickaxe Mountain, suspected to be a new facility under construction.

Trump has not made a final decision but could order an escalation in the next days, U.S. and Israeli officials told the outlet. He said in a prime time speech on Thursday that military actions are yielding results. "We are likewise winning big in Iran, and you will see the fruits of that labor very, very shortly," he said.

Tehran acknowledged hits to "power infrastructure" for the first time on Friday, leading the country's Energy Ministry to call on people to use less power in the country's southern provinces.

Trump had anticipated his willingness earlier this week to strike key Iranian infrastructure if Tehran does not return to negotiating.