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Sector Update: Tech Stocks Mixed Premarket Tuesday
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Sector Update: Tech Stocks Mixed Premarket Tuesday
Mar 11, 2025 6:24 AM

09:07 AM EDT, 03/11/2025 (MT Newswires) -- Technology stocks were mixed premarket Tuesday, with The Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF ( XSD ) 1.2% lower.

Asana (ASAN) shares were down past 25% after the company issued fiscal Q1 and fiscal 2026 revenue outlook below analysts' expectations. The company also said Chief Executive and Chair Dustin Moskovitz plans to step down from the CEO post.

Kanzhun ( BZ ) stock was up over 8% after the company reported higher Q4 net income and revenue in addition to providing Q1 revenue outlook above analysts' expectations.

WNS (WNS) shares were up more than 2% after the company said it has acquired Seroda Ventures' portfolio company Kipi.ai.

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