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Sector Update: Tech Stocks Advance Pre-Bell Friday
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Sector Update: Tech Stocks Advance Pre-Bell Friday
Jan 24, 2025 6:47 AM

09:14 AM EST, 01/24/2025 (MT Newswires) -- Technology stocks advanced pre-bell Friday with the Technology Select Sector SPDR Fund (XLK) 0.1% higher and the SPDR S&P Semiconductor ETF ( XSD ) up 0.2% recently.

Ericsson (ERIC) shares declined by over 9% after the company reported higher Q4 earnings and net sales that still missed market expectations.

Twilio ( TWLO ) shares rose past 19% after the company said it expects Q4 adjusted earnings per share to exceed its guidance as revenue is estimated to increase by 11% year-over-year. The company also said its board approved a $2 billion share buyback program.

Texas Instruments ( TXN ) shares were down more than 4% after the company reported lower Q4 earnings and revenue.

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