Sector Update: Tech Stocks Gain Thursday Afternoon-March 2024-www.financetom.com

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Sector Update: Tech Stocks Gain Thursday Afternoon

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Sector Update: Tech Stocks Gain Thursday Afternoon

Sep 1, 2024 4:44 AM

02:01 PM EDT, 08/29/2024 (MT Newswires) -- Tech stocks were higher Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.7%.

The Philadelphia Semiconductor index rose 1.6%.

In corporate news, Nvidia ( NVDA ) shares were falling almost 4% even after the company posted forecast-beating fiscal Q2 results.

CrowdStrike ( CRWD ) shares jumped 5.2% after its Q2 results topped analyst estimates.

Salesforce (CRM) reported better-than-expected Q2 results. The shares added 0.4%.

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