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Sector Update: Tech Stocks Decline Premarket Tuesday
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Sector Update: Tech Stocks Decline Premarket Tuesday
Mar 19, 2024 6:27 AM

09:09 AM EDT, 03/19/2024 (MT Newswires) -- Technology stocks were declining premarket Tuesday with the Technology Select Sector SPDR Fund ( XLK ) down 0.6% and the SPDR S&P Semiconductor ETF ( XSD ) 0.8% lower recently.

Super Micro Computer ( SMCI ) was shedding 10% after it filed a registration statement for the sale of 2 million shares of its common stock.

StoneCo ( STNE ) was down more than 9% after the financial technology firm's Q4 sales missed analysts' expectations and its adjusted net income guidance for the current year also lagged.

DLocal ( DLO ) was declining more than 9% after the company's Q4 earnings missed forecasts.

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