Technology Sector Update for 04/21/2023: TSLA, GOOG, EVBG, EMKR

Tech stocks were lower late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.4% and the Philadelphia Semiconductor index falling 0.7%.

In company news, a California state court jury found Tesla's (TSLA) Autopilot feature didn't fail to perform safely in a crash case involving the partially automated driving software, Reuters reported. Tesla shares were rising 1.2%.

Alphabet (GOOG) unit Google has asked a federal court in Utah to dismiss several antitrust allegations made by Epic, Match and US state attorneys related to its online store that allows users to download apps for Android devices, Reuters reported. The tech giant's shares were 0.2% softer.

Everbridge's (EVBG) contract with the state of Florida was ended after an emergency alert test was erroneously sent to residents in the early hours of Thursday, multiple media outlets reported. Everbridge shares plunged almost 7%.

Emcore (EMKR) said it will shut down its broadband business segment and discontinue its defense optoelectronics product line as part of a restructuring program that represents the final phase of its shift to aerospace and defense. Emcore shares were rising almost 6%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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