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Sector Update: Tech Stocks Mixed Tuesday Afternoon
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Sector Update: Tech Stocks Mixed Tuesday Afternoon
May 21, 2024 11:17 AM

01:46 PM EDT, 05/21/2024 (MT Newswires) -- Tech stocks were mixed Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.2% and the SPDR S&P Semiconductor ETF (XSD) down 0.5%.

The Philadelphia Semiconductor index fell 0.4%.

In corporate news, Keysight Technologies ( KEYS ) shares tumbled past 9% after the company's fiscal Q3 guidance fell short of market estimates.

Franklin Resources ( BEN ) unit Fiduciary Trust International said Tuesday vice chair and Meta (META) investor Lisette Cooper filed a resolution for a shareholder vote for targets to reduce dangers and threats to children on Meta's social media platforms. Meta shares were falling 1.1%.

Amazon.com's ( AMZN ) Amazon Web Services cloud-computing unit has stopped orders of Nvidia's ( NVDA ) "superchip" to wait for a new, more powerful model, the Financial Times reported Tuesday. Amazon ( AMZN ) shares shed 0.8%, while Nvidia ( NVDA ) was rising 0.1%.

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