03:17 PM EST, 11/07/2025 (MT Newswires) -- Tech stocks were lower late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.8% and the SPDR S&P Semiconductor ETF (XSD) dropping 2.6%.

The Philadelphia Semiconductor index slumped 1.9%.

In corporate news, BlackLine ( BL ) is facing pressure from several investors to explore a potential sale following takeover interest from SAP (SAP), Bloomberg reported. BlackLine ( BL ) shares dropped 5.7%.