Shares of technology companies were more or less flat as an exodus from the sector looked set to continue.
The Nasdaq Composite is trading near year-to-date lows, down roughly 34% for 2022 to date.
The tech index more than doubled during the pandemic rally. Many chipmakers have suffered even deeper losses as inventories grow and pandemic demand growth slows.
Memory chipmaker Micron rose slightly on Friday after a sharp selloff. Facebook parent Meta Platforms agreed to pay $725 million to settle a lawsuit accusing the company of allowing Cambridge Analytica and other third parties to access private information.
Email Rob Curran at rob.curran@dowjones.com
