Sector Update: Tech Stocks Rise Premarket Thursday

MT Newswires Live

2024/11/07

Technology stocks rose premarket Thursday as the Technology Select Sector SPDR Fund (XLK) advanced by 0.6% and the SPDR S&P Semiconductor ETF (XSD) was up 0.1% recently.

EPAM Systems (EPAM) shares rose by 11% after the company reported higher Q3 adjusted earnings and revenue. The company also raised its outlook for the full year.

Coherent (COHR) shares were up over 6% after the company reported higher fiscal Q1 non-GAAP earnings and revenue.

Datadog (DDOG) shares were over 2% lower even after the company reported higher Q3 non-GAAP net income and revenue, and raised its guidance for the full year.

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