Sector Update: Tech Stocks Mixed Pre-Bell Wednesday

MT Newswires Live
2024-10-02

Technology stocks were mixed pre-bell Wednesday as the Technology Select Sector SPDR Fund (XLK) was 0.1% higher and the SPDR S&P Semiconductor ETF (XSD) was recently down 0.7%.

AgEagle Aerial Systems (UAVS) shares were down nearly 10% after the company said it has closed a public offering of units, raising total gross proceeds of $6.5 million.

CGI (GIB) subsidiary CGI Federal said it has won a position on the US Department of the Interior's 10-year, $2 billion Foundation Cloud Hosting Services II contract. CGI shares were up 0.2% premarket.

Palantir Technologies (PLTR) and Edgescale AI said they have partnered to introduce Live Edge, a product that combines Palantir Edge AI with Edgescale AI's distributed infrastructure technology. Palantir Technologies shares were 0.4% lower pre-bell.

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