Technology stocks were mostly lower late Friday, with the Philadelphia Semiconductor Index falling 1.8% and the Technology Select Sector SPDR Fund (XLK) up 0.1%.
In company news, Ouster (OUST) shares fell 13%, a day after the company reported a wider-than-expected loss and missed the revenue forecast from analysts in Q4.
Rekor Systems (REKR) shares slid 2.8%. The company signed a multiyear deal with the Palms Casino Resort for its traffic security software and systems.
Activision Blizzard (ATVI) shares were 6% higher after the UK Competition and Markets Authority said that Microsoft’s (MSFT) planned $75 billion acquisition of the former will not harm UK’s gaming consoles competition. Microsoft shares rose 0.8%.
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