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Sector Update: Tech Stocks Flat to Lower Premarket Thursday
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Sector Update: Tech Stocks Flat to Lower Premarket Thursday
Aug 29, 2024 6:43 AM

09:07 AM EDT, 08/29/2024 (MT Newswires) -- Technology stocks were flat to lower premarket Thursday, with the SPDR S&P Semiconductor ETF ( XSD ) inactive and The Technology Select Sector SPDR Fund ( XLK ) down 0.2%.

Affirm Holdings ( AFRM ) shares were up over 24% after an RBC price target raise followed a narrower fiscal Q4 loss on higher revenue posted by the company.

Salesforce ( CRM ) stock was up over 4% after the company posted higher fiscal Q2 non-GAAP earnings and revenue in addition to raising its fiscal 2025 adjusted EPS outlook.

HP (HPQ) shares were down more than 3% after the company reported lower fiscal Q3 non-GAAP earnings in addition to lowering its fiscal 2024 outlook.

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