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Tech stocks were falling late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) shedding 1.3% and the SPDR S&P Semiconductor ETF (XSD) slumping 2.5%.
The Philadelphia Semiconductor Index dropped 3.6%.
In corporate news, BigBear.ai BBAI shares tumbled almost 32% after it reported Q4 results late Thursday that trailed analyst estimates.
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