Technology stocks have suffered recently, with the S&P 500 Information Technology index dropping 19% year to date.

Bond yields have soared this year and are poised to rise further as the Fed prepares to lift rates multiple times.

Semiconductors continue to trade in a funk, as inflation worries and rate hikes loom.

Eli Lilly and Under Armour made the list of stocks that have dropped sharply, but have room to rise, Barclays says.

Southwest Air, T-Mobile, PayPal, Caesars, Activision, Qorvo and Match are also on the Barron's undervalued list.

Earnings and government focus on chip supply chains help drive gains.

Penn National Gaming, Moderna, Wayfair, Roku and Qorvo are five stocks that fell on Thursday.

Qorvo shares dropped after Bank of America downgraded the wireless product company to neutral and cut its price target to $190.

Stocks moving in premarket trading include Qualcomm, Roku, Moderna, Qorvo and Capri Holdings.

Tesla is expected to start production of its highly anticipated futuristic truck in 2023.

A development team led by Seth Rogen is working on a production that centers on a less well-known character with a nonetheless devoted following.

The Fed's preferred inflation gauge topped Street forecasts Friday, snuffing out hopes of a near-term change in the central bank's rate hiking plans.