Sector Update: Tech Stocks Fall Premarket Wednesday

MT Newswires Live

2024/10/30

Technology stocks were falling premarket Wednesday, with The Technology Select Sector SPDR Fund (XLK) down 0.7% and the SPDR S&P Semiconductor ETF (XSD) 1.5% lower.

Garmin (GRMN) shares were up 13% after the company reported higher Q3 non-GAAP earnings and net sales in addition to raising its fiscal 2024 guidance.

Alphabet (GOOG, GOOGL) stock was over 6% higher after the company overnight reported higher Q3 earnings and revenue.

CDW (CDW) shares were down more than 7% after the company reported lower Q3 non-GAAP earnings and net sales.

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