Nasdaq
Tech stocks were falling late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.4% and the SPDR S&P Semiconductor ETF (XSD) dropping 1.8%.
The Philadelphia Semiconductor index fell 1.3%.
In corporate news, Alphabet’s (GOOG) Google may face a formal complaint from EU regulators on the tech giant’s search business model, Bloomberg reported Friday. Alphabet shares were rising 0.6%.
Enfusion (ENFN) shares jumped 7%. The company is exploring a potential sale among options after receiving takeover interest from potential buyers, including private equity firms, Reuters reported Friday.
A German court has ruled that Amazon.com (AMZN) is using Nokia’s (NOK) patented video technology in its streaming devices without getting the necessary license, Reuters reported. Amazon shares were up 0.7%, and Nokia added 0.8%.
Olo (OLO) shares rose 0.7% after the company said it will reduce its workforce by 9% to support its long-term growth objectives.
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