financetom
Market
financetom
/
Market
/
Sector Update: Tech
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Tech
Apr 9, 2024 6:09 AM

08:45 AM EDT, 04/09/2024 (MT Newswires) -- Technology stocks were mixed premarket Tuesday, with the Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF (XSD) down 1.6% recently.

Maxeon Solar Technologies ( MAXN ) was down more than 13% after it reported preliminary fiscal Q4 revenue of $229 million, compared with its guidance of $220 million to $260 million and below the $236.7 million estimate from analysts surveyed by Capital IQ.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Tech
Sector Update: Tech
Apr 1, 2024
01:36 PM EDT, 04/01/2024 (MT Newswires) -- Tech stocks were advancing Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.1% and the SPDR S&P Semiconductor ETF (XSD) adding 0.9%. The Philadelphia Semiconductor index rose 1%. In corporate news, Alphabet's (GOOG) Google ( GOOG ) pledged to destroy data that reflects millions of users' web-browsing histories as part...
Swing to Expansion in Manufacturing Restrains US Equity Indexes as Treasury Yields Surge
Swing to Expansion in Manufacturing Restrains US Equity Indexes as Treasury Yields Surge
Apr 1, 2024
01:32 PM EDT, 04/01/2024 (MT Newswires) -- US benchmark stock indexes fell by Monday afternoon as government bond yields surged following an expansionary signal from a closely monitored manufacturing gauge. The S&P 500 fell 0.4% to 5,236.1 but remained close to its record high, 5,261.1. The Nasdaq Composite declined 0.1% to 16,360.2. The Dow Jones Industrial Average at 39,546.5 was...
Sector Update: Financial
Sector Update: Financial
Apr 1, 2024
01:34 PM EDT, 04/01/2024 (MT Newswires) -- Financial stocks were declining in Monday afternoon trading, with the NYSE Financial Index falling 0.9% and the Financial Select Sector SPDR Fund (XLF) off 0.7%. The Philadelphia Housing Index was down 1.4% and the Real Estate Select Sector SPDR Fund (XLRE) fell 1.8%. Bitcoin (BTC-USD) dropped 4% to $68,383, and the yield for...
Sector Update: Energy
Sector Update: Energy
Apr 1, 2024
01:31 PM EDT, 04/01/2024 (MT Newswires) -- Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index adding 0.6% and the Energy Select Sector SPDR Fund (XLE) up 0.5%. The Philadelphia Oil Service Sector index was gaining 1%, while the Dow Jones US Utilities index was shedding 1%. Front-month West Texas Intermediate crude oil was rising 1% to...
Copyright 2023-2025 - www.financetom.com All Rights Reserved