Sector Update: Tech Stocks Edge Higher Premarket Tuesday

MT Newswires Live

2025/02/04

Technology stocks were edging higher premarket Tuesday, with The Technology Select Sector SPDR Fund (XLK) and SPDR S&P Semiconductor ETF (XSD) up 0.5%.

Palantir Technologies (PLTR) shares were up past 23% after the company reported higher Q4 adjusted earnings and revenue in addition to issuing Q1 and 2025 revenue outlook that surpassed analyst expectations.

Spotify Technology (SPOT) stock was over 8% higher after the company reported that it swung to Q4 earnings as revenue increased during the period.

Gartner (IT) shares were up more than 4% after the company posted higher Q4 adjusted earnings and revenue.

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