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Sector Update: Tech Stocks Mixed Premarket Wednesday
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Sector Update: Tech Stocks Mixed Premarket Wednesday
May 29, 2024 6:33 AM

09:11 AM EDT, 05/29/2024 (MT Newswires) -- Technology stocks were mixed premarket Wednesday with the Technology Select Sector SPDR Fund ( XLK ) down 0.8% and the SPDR S&P Semiconductor ETF ( XSD ) 2.3% higher recently.

JOYY ( YY ) fell by nearly 10% after it reported a Q1 revenue of $564.6 million, down from $583.6 million a year earlier.

CCC Intelligent Solutions Holdings ( CCCS ) was down more than 3% after announcing the pricing of a secondary offering of 50 million of its common shares by affiliates of Advent International and Oak Hill Capital Partners at $11.50 per share.

Digital Turbine ( APPS ) was more than 12% lower after the company reported a drop in fiscal Q4 earnings and net sales.

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