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[JohnnyVee]

Most of the tech hits were due to China shutdown and China is back open....
why the effects are muted. Plus some did well... some didnt.


One of the most active stocks on Friday was Nordstrom, soaring 29% premarket after The Wall Street Journal reported activist investor Ryan Cohen took a large stake in the retailer.

Elsewhere, tech stocks were taking an early battering after reporting disappointing results.

Amazon.com stock fell over 5% in premarket trading after it posted its worst annual loss on record after the least profitable holiday quarter since 2014.

Shares in Alphabet sank 4% as it missed first-quarter revenue and earnings and Apple’s stock declined almost 3% after revealing its deepest sales drop in six years.

“The tech stocks, at least the largest ones, have had a mixed quarter. In summary, Tesla, Netflix and Facebook did well, while Microsoft, Apple, Amazon and Google disappointed,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.