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Sector Update: Tech Stocks Mixed Late Afternoon
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Sector Update: Tech Stocks Mixed Late Afternoon
Feb 20, 2025 1:16 PM

03:55 PM EST, 02/20/2025 (MT Newswires) -- Tech stocks were mixed late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) shedding 0.5% and the SPDR S&P Semiconductor ETF (XSD) rising 0.1%.

The Philadelphia Semiconductor index declined 0.3%.

In corporate news, CoStar ( CSGP ) is planning a bid worth 2.7 billion Australian dollars ($1.72 billion) for Australian property listings company Domain, Reuters reported. CoStar ( CSGP ) shares were falling 1.3%.

Alphabet's (GOOG) YouTube ( GOOG ) intends to offer a lower-priced "premium lite" service, providing ad-free viewing for podcasts and how-to clips, Bloomberg reported. Alphabet shares were easing 0.3%.

EPAM Systems ( EPAM ) shares fell 12% after it posted Q1 and 2025 non-GAAP EPS guidance that trailed FactSet analyst estimates.

Unity Software (U) shares surged 29% after it reported a Q4 net loss of $0.30 per diluted share, narrower than the loss of $0.66 a year earlier. Analysts polled by FactSet expected a loss of $0.38.

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