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Sector Update: Tech
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Sector Update: Tech
Jul 30, 2024 6:17 AM

08:51 AM EDT, 07/30/2024 (MT Newswires) -- Technology stocks were flat to lower premarket Tuesday, with the Technology Select Sector SPDR Fund (XLK) inactive and the SPDR S&P Semiconductor ETF (XSD) recently down 0.4%.

Corning (GLW) shares fell 6.3% after it reported Q2 net sales of $3.25 billion, up from $3.24 billion a year earlier but missing the $3.58 billion estimate from analysts polled by Capital IQ. The company's Q3 core earnings per share forecast also missed analysts' estimates.

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