Tech stocks were lower Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 1% and the Philadelphia Semiconductor Index down 0.5%.
In corporate news, Hewlett Packard Enterprise (HPE) shares fell 5.5% after the company’s outlook for fiscal 2024 trailed estimates by analysts.
SolarEdge Technologies (SEDG) shares tumbled 27% after the company slashed its Q3 outlook, prompting rating downgrades and price target cuts by several analysts.
Aspen Technology (AZPN) shares were shedding 3.6% after it said late Thursday that Chief Financial Officer Chantelle Breithaupt will leave, effective Dec. 31, for another opportunity.
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