Tech stocks saw gains, META surged on new policies, TSLA dropped, ENPH fell on downgrade.

From Nasdaq.: 2024-04-05 13:55:26

Tech stocks, including XLK and XSD, saw gains on Friday. The Philadelphia Semiconductor index also rose by 1.6%. Meta Platforms (META) shares surged 3% after announcing new policies on handling “manipulated media” by labeling AI-generated content.

Tesla (TSLA) shares dropped 2.7% as CEO Elon Musk denied reports of canceling a cheaper car model. Enphase Energy (ENPH) stock fell 5% after a Citigroup downgrade and announcement of chief commercial officer’s resignation. David Ranhoff will transition to a part-time advisory role.



Read more at Nasdaq.: Technology Sector Update for 04/05/2024: META, TSLA, ENPH