Sector Update: Tech Stocks Fall Thursday Afternoon

MT Newswires Live

Dec 06, 2024

Tech stocks were declining Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.6% and the SPDR S&P Semiconductor ETF (XSD) falling 1.2%.

The Philadelphia Semiconductor index dropped 1.8%.

In corporate news, Synopsys (SNPS) shares tumbled 12% as it issued a downbeat full-year revenue outlook despite reporting fiscal Q4 results above Wall Street's expectations.

IonQ (IONQ) shares jumped 7.3% after the company delivered its first data center-deployable IonQ Forte Enterprise quantum computer in Europe.

ZSpace (ZSPC) shares debuted on Nasdaq with an opening price of $5.80, above the initial public offering price of $5. The shares were up 260% in recent trading.

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The shares were up 260% in recent trading.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2125909916.SGD","symbol_name":"Natixis Thematics Safety R/A SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2489499570","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489499570","pubTimestamp":1733424787,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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