Technology stocks were down Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 0.5% and the Philadelphia Semiconductor Index 2.2% lower.
In company news, Ouster (OUST) shares were down past 13%, a day after the company reported a wider-than-expected loss and missed the revenue forecast in Q4.
Energous (WATT) shares fell 4% after saying it priced a public offering of common shares and warrants at a combined price of $0.40 per share and accompanying warrant, for gross proceeds of $3.3 million.
Activision Blizzard (ATVI) shares were 5.4% 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 0.3%.
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