Sector Update: Tech
Technology stocks were higher premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.1% and the State Street SPDR S&P Semiconductor ETF (XSD) up 4%. IBM (IBM) shares were down more than 22% after the company issued Q2 operating earnings and revenue projections below analysts' expectations.
Technology stocks were higher premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.1% and the State Street SPDR S&P Semiconductor ETF (XSD) up 4%.
IBM (IBM) shares were down more than 22% after the company issued Q2 operating earnings and revenue projections below analysts' expectations.