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Sector Update: Tech Stocks Mixed Premarket Thursday
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Sector Update: Tech Stocks Mixed Premarket Thursday
Apr 18, 2024 6:26 AM

09:03 AM EDT, 04/18/2024 (MT Newswires) -- Technology stocks were mixed premarket Thursday as the Technology Select Sector SPDR Fund ( XLK ) was up 1.9% and the SPDR S&P Semiconductor ETF ( XSD ) was down 0.2%.

Infosys' ( INFY ) shares were nearly 6% lower after it reported a fiscal Q4 revenue of $4.56 billion, up from $4.55 billion a year earlier but still missing the $4.62 billion forecast from analysts surveyed by Capital IQ.

Duolingo ( DUOL ) is set to replace Cable One (CABO) in the S&P MidCap 400 index on April 22, the S&P Dow Jones Indices said. Duolingo's ( DUOL ) shares were recently up nearly 7%.

Zuora ( ZUO ) is considering options that include a potential sale, according to media reports Wednesday, citing people with knowledge of the matter. Zuora's ( ZUO ) shares were 1.9% higher pre-bell.

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