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 3, 2026 6:23 AM

09:04 AM EDT, 06/03/2026 (MT Newswires) -- Technology stocks were edging higher premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 1.6%.

Cognyte Software ( CGNT ) stock was down more than 19% after the company reported lower fiscal Q1 non-GAAP earnings.

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 >
JGB yields tumble on declines in US peers, safe-haven bets
JGB yields tumble on declines in US peers, safe-haven bets
Mar 10, 2025
TOKYO, March 11 (Reuters) - Japanese government bond (JGB) yields dropped sharply on Tuesday, as U.S. Treasury yields fell overnight and losses in Japan and U.S. equities boosted appetite for safe-haven debt. The 10-year JGB yield fell 5 basis points to 1.525% in its biggest daily fall since January 16. The five-year yield fell 6 bps to 1.105% in its...
Nvidia, Meta Platforms, Oracle, Palantir, And Tesla: 5 Trending Stocks Amid Monday's Market Meltdown
Nvidia, Meta Platforms, Oracle, Palantir, And Tesla: 5 Trending Stocks Amid Monday's Market Meltdown
Mar 10, 2025
The stock market experienced a turbulent day, with the S&P 500 and Nasdaq indices hitting six-month lows amidst growing fears of a potential recession. The Nasdaq 100 saw the steepest declines, led by tech companies such as Tesla and Palantir ( PLTR ). This downturn was fueled by concerns over the U.S. economy, with President Donald Trump referring to the...
Hedge funds unwinding risk as in early days of COVID, Goldman Sachs says
Hedge funds unwinding risk as in early days of COVID, Goldman Sachs says
Mar 10, 2025
NEW YORK, March 10 (Reuters) - Hedge funds unwound positions in single stocks on Friday at the largest amount in over two years, with some activity comparable to March 2020, when portfolio managers cut market exposure during the pandemic, Goldman Sachs ( GS ) said in a note on Monday. U.S. major stock indexes plummeted on Friday, with the Nasdaq...
Citi downgrades US stocks allocation
Citi downgrades US stocks allocation
Mar 10, 2025
SINGAPORE (Reuters) - Analysts at Citi downgraded their U.S. stocks recommendation to neutral and upgraded China, figuring the U.S. economy may no longer outpace the rest of the world in the coming months. We had not fully implemented our view that U.S. exceptionalism is at least pausing, but this has become clearer, Citi's global head of macro, asset allocation and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved