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Sector Update: Tech Stocks Down Premarket Monday
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Sector Update: Tech Stocks Down Premarket Monday
Dec 9, 2024 6:33 AM

09:02 AM EST, 12/09/2024 (MT Newswires) -- Technology stocks were retreating premarket Monday as the Technology Select Sector SPDR Fund (XLK) was down 0.3% and the SPDR S&P Semiconductor ETF ( XSD ) was 0.2% lower recently.

Super Micro Computer ( SMCI ) said Friday it received approval from the Nasdaq for an extension to file its delayed annual and quarterly financial reports with the US Securities and Exchange Commission. The company's shares were up about 9% pre-bell Monday.

Palantir Technologies ( PLTR ) shares were up 6.1% after the company said it has agreed to a one-year, $36.8 million extension of its contract to deliver IT support and services to the US Special Operations Command.

China's State Administration for Market Regulation is investigating Nvidia ( NVDA ) on suspicion of anti-monopoly law breaches, Bloomberg reported Monday, citing a report from China Central Television. Nvidia ( NVDA ) did not immediately reply to a request for comment from MT Newswires. Nvidia ( NVDA ) shares were down 2%.

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