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Sector Update: Tech Stocks Flat to Higher Premarket Thursday
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Sector Update: Tech Stocks Flat to Higher Premarket Thursday
Sep 25, 2024 9:23 PM

09:15 AM EDT, 09/19/2024 (MT Newswires) -- Technology stocks were flat to higher premarket Thursday as the Technology Select Sector SPDR Fund ( XLK ) was up 2.4% and the SPDR S&P Semiconductor ETF ( XSD ) was inactive recently.

Coherent (COHR) shares rose past 2% after the company said device samples of its new uncooled dual-chip micro-pump laser are now available, with volume production on track for Q1 next year.

Endava ( DAVA ) shares declined by over 3% after the company reported fiscal Q4 adjusted earnings of 0.22 British pounds ($0.29) per diluted share, down from 0.57 pounds a year earlier.

AI equipment company Syntiant said it signed a deal to acquire certain assets of Knowles' ( KN ) consumer micro-electro-mechanical systems microphones business. Knowles ( KN ) shares were down more than 5% pre-bell.

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