Sector Update: Tech Stocks Decline Premarket Wednesday

MT Newswires Live
2024-10-23

Technology stocks declined premarket Wednesday as the Technology Select Sector SPDR Fund (XLK) was 0.4% lower and the SPDR S&P Semiconductor ETF (XSD) was recently down 0.1%.

Enphase Energy (ENPH) shares fell past 17% after the company reported lower Q3 non-GAAP earnings and revenue.

Texas Instruments (TXN) shares were up over 2% after the company reported lower Q3 earnings and revenue that still beat market expectations.

Amphenol (APH) shares were up almost 1% after the company reported higher Q3 adjusted earnings and revenue.

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