03:35 PM EDT, 09/20/2024 (MT Newswires) -- Tech stocks were lower late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.4% and the SPDR S&P Semiconductor ETF (XSD) dropping 1.6%.

The Philadelphia Semiconductor index fell 1.3%.

In corporate news, Enfusion ( ENFN ) shares jumped 7.3%. The company is exploring a potential sale among options after receiving takeover interest from potential buyers, including private equity firms, Reuters reported Friday.