Sector Update: Tech Stocks Rise Premarket Thursday

MT Newswires Live
2024-10-17

Technology stocks rose in Thursday's premarket hours, with The Technology Select Sector SPDR Fund (XLK) up 1.3% and The SPDR S&P Semiconductor ETF (XSD) 1.6% higher.

Taiwan Semiconductor Manufacturing (TSM) shares were up over 8% after the company reported higher Q3 earnings and revenue.

WNS (WNS) stock was more than 8% lower after the company lowered its fiscal 2025 adjusted earnings per share outlook to between $4.13 and $4.35 from the previous range of $4.42 to $4.68.

Nokia (NOK) shares were more than 5% lower after the company reported Q3 revenue of 4.33 billion euros ($4.69 billion), down from 4.71 billion euros a year earlier.

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