Sector Update: Tech Stocks Fall Friday Before Bell

Pre-bell Friday, technology equities were in decline. Both the Semiconductor Sector Index Fund and the Technology Select Sector SPDR ETF had declines of around 1.2% and 0.9%, respectively.

Qualcomm claimed that rising demand for its Snapdragon Digital Chassis product was the reason its automotive business pipeline surged to $30 billion. Recently, Qualcomm was losing ground to 1%.

According to the NFL, Apple Music will sponsor the NFL's halftime performance at Super Bowl LVII on February 12, 2023. More than 1% was lost by Apple.

After announcing that the Hart-Scott-Rodino Antitrust Improvements Act waiting period for Vista Equity Partners' proposed acquisition of Avalara has passed, the company was just slightly up. If Avalara stockholders approve the purchase, it should close by the end of 2022.