Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.3%.
The Philadelphia Semiconductor index slumped 3.5%.
In corporate news, Roblox (RBLX) will take a share of revenue from game sponsorships as part of advertising policy overhaul, with more details to be shared in Q2, Bloomberg reported, citing a company memo. Roblox shares were down 2.2%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.