Sector Update: Tech Stocks Decline Premarket Friday

MT Newswires Live
2024-11-08

Technology stocks were declining premarket Friday as the Technology Select Sector SPDR Fund (XLK) was down 0.2% and the SPDR S&P Semiconductor ETF (XSD) was 2.6% lower recently.

Sony Group (SONY) shares advanced by over 6% after the company reported higher fiscal Q2 earnings and revenue. The company also raised its outlook for fiscal 2025 revenue.

Ubiquiti (UI) shares rose past 6% after the company reported higher fiscal Q1 non-GAAP earnings and revenue.

TELUS (TU) shares were up over 1% after the company reported higher Q3 adjusted earnings and revenue.

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