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Sector Update: Tech Stocks Mixed Pre-Bell Tuesday
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Sector Update: Tech Stocks Mixed Pre-Bell Tuesday
Dec 3, 2024 6:43 AM

09:09 AM EST, 12/03/2024 (MT Newswires) -- Technology stocks were mixed pre-bell Tuesday as the Technology Select Sector SPDR Fund (XLK) was down 0.04% and the SPDR S&P Semiconductor ETF ( XSD ) was up 1.3% recently.

Zscaler ( ZS ) shares were down more than 6% after the company reported higher fiscal Q1 non-GAAP earnings and revenue. Separately, the company said Chief Financial Officer Remo Canessa will retire, effective upon the appointment of a successor.

Wipro ( WIT ) shares were up 0.4% after the company said it partnered with Netskope, a secure access service edge provider, to offer integrated cybersecurity services to global enterprises.

Palantir Technologies ( PLTR ) said it has been granted FedRAMP 'high authorization' for its cloud services, allowing the company to provide its offerings to more US government units. Palantir Technologies ( PLTR ) shares were down 1% premarket.

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