A number of stocks fell in the afternoon session after markets pulled back with the decline concentrated in the tech space as investors engaged in profit-taking following a robust week that saw the S&P 500 hit a new record.
A number of stocks fell in the afternoon session after markets pulled back with the decline concentrated in the tech space as investors engaged in profit-taking following a robust week that saw the S&P 500 hit a new record.
A number of stocks fell in the afternoon session after markets pulled back with the decline concentrated in the tech space as investors engaged in profit-taking following a robust week that saw the S&P 500 hit a new record.
A number of stocks fell in the afternoon session after markets pulled back with the decline concentrated in the tech space as investors engaged in profit-taking following a robust week that saw the S&P 500 hit a new record.
A number of stocks fell in the afternoon session after markets pulled back with the decline concentrated in the tech space as investors engaged in profit-taking following a robust week that saw the S&P 500 hit a new record.
A number of stocks fell in the afternoon session after markets pulled back with the decline concentrated in the tech space as investors engaged in profit-taking following a robust week that saw the S&P 500 hit a new record.
A number of stocks fell in the afternoon session after markets pulled back with the decline concentrated in the tech space as investors engaged in profit-taking following a robust week that saw the S&P 500 hit a new record.
A number of stocks fell in the afternoon session after markets pulled back with the decline concentrated in the tech space as investors engaged in profit-taking following a robust week that saw the S&P 500 hit a new record.
Shares of interactive software platform Unity (NYSE:U) fell 2.9% in the afternoon session after the stock was caught in a wider technology sector downturn. The broader technology sector fell 1.7% on Friday, pressured by disappointing forecasts from major companies like Dell and Nvidia, which created negative sentiment for tech stocks. Adding to the pressure, a weak forecast from chipmaker Marvell further soured sentiment on the sector.
Shares of semiconductor maker Himax Technologies (NASDAQ:HIMX) fell 6.4% in the afternoon session after the U.S. government announced significant protectionist measures targeting the foreign semiconductor industry.
Shares of agricultural and farm machinery company AGCO (NYSE:AGCO) fell 4.9% in the afternoon session after industry peer Caterpillar warned that tariffs would have a significant negative impact on its financial results.
Shares of laser company nLIGHT (NASDAQ:LASR) fell 4.1% in the afternoon session after announcements of new U.S. export restrictions on semiconductor technology to China. The U.S. Department of Commerce announced it was closing a loophole that allowed some foreign companies to export semiconductor manufacturing equipment to China without a license. This regulatory tightening creates a new headwind for the industry.
Shares of enterprise technology company Hewlett Packard Enterprise (NYSE:HPE) fell 2.4% in the afternoon session after a key competitor, Dell Technologies, issued a disappointing profit forecast, sparking concerns about profitability across the AI server market.
Shares of lifting and material handling equipment company Terex (NYSE:TEX)
fell 4.9% in the afternoon session after industry bellwether Caterpillar warned of higher costs related to tariffs, sparking concerns across the heavy-equipment sector.
Shares of luxury electric car manufacturer Lucid (NASDAQ:LCID) fell 4.3% in the afternoon session after the company prepared to execute a reverse stock split and an analyst lowered the stock's price target.
Shares of precision motion systems specialist Allient (NASDAQ:ALNT)
fell 4.5% in the afternoon session after a broader market downturn impacted technology and semiconductor stocks.
Shares of self defense company AXON (NASDAQ:AXON)
fell 3.6% in the afternoon session after a broader downturn in the technology sector placed the company among the Nasdaq 100's biggest decliners.
Shares of semiconductor equipment maker Lam Research (NASDAQ:LRCX)
fell 4.3% in the afternoon session after the U.S. government tightened restrictions on the use of American semiconductor manufacturing equipment in China.
Shares of chip designer Allegro MicroSystems (NASDAQ:ALGM) fell 3.5% in the afternoon session after the broader semiconductor industry declined following new U.S. trade and export restrictions.
Shares of cloud communications provider 8x8 (NASDAQ:EGHT) fell 2% in the afternoon session after a broader market selloff that particularly impacted technology stocks.
Shares of power management chips maker Monolithic Power Systems (NASDAQ:MPWR)
fell 3.1% in the afternoon session after broad sell-off in the semiconductor sector, triggered by a disappointing forecast from peer chipmaker Marvell Technology.
Shares of customer experience management platform Sprinklr (NYSE:CXM) fell 2.3% in the afternoon session after the major indices retreated particularly affecting technology stocks. The move comes as the wider market took a breather from a recent rally, with major indexes declining. The tech-heavy Nasdaq Composite was down 1.2%, creating headwinds for tech companies across the board. Sprinklr's decline appears to be tied to this general market sentiment rather than any specific company news. As of the previous day, analyst consensus for the stock was a "Hold," indicating a neutral stance before the market-wide dip.
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