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
Jun 17, 2024 6:15 AM

08:50 AM EDT, 06/17/2024 (MT Newswires) -- Technology stocks were leaning higher premarket Monday with the Technology Select Sector SPDR Fund (XLK) flat and the SPDR S&P Semiconductor ETF (XSD) 1.4% higher recently.

Activist investor Starboard Value has been meeting with Autodesk ( ADSK ) executives in recent weeks to discuss concerns over its operations and corporate governance, The Wall Street Journal reported, citing people familiar with the matter. Autodesk ( ADSK ) shares rose past 4% pre-bell.

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 >
Top Midday Stories: Microsoft, Meta Earnings Top Estimates; Eli Lilly Cuts Guidance Despite Strong Q1 Earnings
Top Midday Stories: Microsoft, Meta Earnings Top Estimates; Eli Lilly Cuts Guidance Despite Strong Q1 Earnings
May 25, 2025
11:55 AM EDT, 05/01/2025 (MT Newswires) -- All three major US stock indexes were up around midday trading Thursday after a couple of giant tech companies posted strong earnings late Wednesday. In company news, Microsoft ( MSFT ) reported fiscal Q3 earnings late Wednesday of $3.46 per diluted share, up from $2.94 a year earlier and above the consensus estimate...
Exchange-Traded Funds, US Equities Rise After Midday
Exchange-Traded Funds, US Equities Rise After Midday
May 25, 2025
01:08 PM EDT, 05/01/2025 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) was up 1.7%. US equity indexes advanced after midday Thursday following strong earnings by Microsoft and Meta Platforms, along with speculation on easing trade tensions between China and the US. Energy IShares US Energy ETF (IYE) and...
Bond market thinks Fed should cut rates, Treasury's Bessent says
Bond market thinks Fed should cut rates, Treasury's Bessent says
May 25, 2025
WASHINGTON (Reuters) -The bond market is sending a signal that the Federal Reserve should be cutting interest rates, U.S. Treasury Secretary Scott Bessent said on Thursday, noting that yields on 2-year Treasury notes were lower than central bank's policy rate. We are seeing that two-year rates are now below fed funds rates, so that's a market signal that they think...
US STOCKS-Wall Street leaps to 1-month highs as Microsoft, Meta surge
US STOCKS-Wall Street leaps to 1-month highs as Microsoft, Meta surge
May 25, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Indexes up: Dow 0.82%, S&P 500 1.28%, Nasdaq 2.28% * General Motors ( GM ) gains after offering new forecast * McDonald's slips after surprise drop in Q1 sales * Weekly jobless claims higher than forecast (Updates through late...
Copyright 2023-2026 - www.financetom.com All Rights Reserved