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 data center products and services company Vertiv (NYSE:VRT)
fell 5.2% in the afternoon session after a broader market pullback that particularly impacted the technology and semiconductor sectors. The decline was not isolated to Vertiv, as major indices retreated from recent all-time highs. The S&P 500 dropped by 0.7%, while the tech-heavy Nasdaq Composite fell 1.2%. The semiconductor industry faced significant pressure, with the PHLX Semiconductor Index declining by over 3%. This sector-wide downturn also affected major technology companies, including Nvidia and Broadcom, which experienced notable drops. The broad-based selling in the tech space appears to be the primary driver behind the pressure on Vertiv's shares.
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 database platform company MongoDB (NASDAQ:MDB) fell 2.5% in the afternoon session after the broader market pullback impacted the technology sector.
Shares of 3D printing company Stratasys (NASDAQ:SSYS) fell 5.2% in the afternoon session after investors sold off technology stocks amid a wider market retreat.
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 cloud monitoring platform Datadog (NASDAQ:DDOG) fell 3.1% in the afternoon session after a broad-based sell-off impacted the technology sector.
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 cannabis company Tilray Brands (NASDAQ:TLRY)
fell 5.7% in the afternoon session after a recent rally in cannabis stocks, fueled by hopes of federal marijuana rescheduling in the U.S., reversed course.
Shares of semiconductor machinery manufacturer Applied Materials (NASDAQ:AMAT)
fell 3.1% in the afternoon session after semiconductor stocks fell sparked by a disappointing revenue report from peer company Marvell Technology.
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.
