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Sector Update: Tech Stocks Mixed Premarket Tuesday
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Sector Update: Tech Stocks Mixed Premarket Tuesday
Mar 26, 2024 6:23 AM

09:12 AM EDT, 03/26/2024 (MT Newswires) -- Technology stocks were mixed premarket Tuesday, with the Technology Select Sector SPDR Fund ( XLK ) up 0.3% and the SPDR S&P Semiconductor ETF ( XSD ) 0.2% lower.

AppFolio ( APPF ) will replace Inari Medical ( NARI ) in the S&P MidCap 400, according to a statement from S&P Dow Jones Indices. AppFolio ( APPF ) stock was nearly 6% higher in recent Tuesday premarket activity.

GDS Holdings ( GDS ) shares were down more than 2% after the company reported a Q4 loss of 2.16 renminbi ($0.30) per diluted share, wider than the loss of 0.13 renminbi a year earlier.

BuzzFeed ( BZFD ) stock was more than 13% lower after the company reported a Q4 revenue of $75.7 million, compared with $101.7 million a year earlier. For Q1, the company said it expects revenue of $42 million to $44 million, or 20% to 23% lower than Q1 2023.

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