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Sector Update: Tech Stocks Mixed Pre-Bell Friday
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Sector Update: Tech Stocks Mixed Pre-Bell Friday
May 17, 2024 6:32 AM

09:06 AM EDT, 05/17/2024 (MT Newswires) -- Technology stocks were mixed pre-bell Friday as the SPDR S&P Semiconductor ETF ( XSD ) was up 1.4% and the Technology Select Sector SPDR Fund ( XLK ) was recently up by 0.3%.

DXC Technology ( DXC ) fell by over 23% after it reported lower fiscal Q4 non-GAAP earnings and revenue. The company also issued Q1 and fiscal 2025 estimates that missed projections from analysts polled by Capital IQ.

Reddit ( RDDT ) will bring its content to Microsoft ( MSFT )-backed (MSFT) OpenAI's ChatGPT, the companies said. Reddit ( RDDT ) was up over 11% premarket.

Take-Two Interactive Software ( TTWO ) was down 0.3% after it reported a wider fiscal Q4 loss as revenue declined during the period.

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