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Sector Update: Tech Stocks Higher Wednesday Afternoon
2024-08-22 01:55
01:55 PM EDT, 08/21/2024 (MT Newswires) -- Tech stocks were rising Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) increasing 0.3% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.5%.
The Philadelphia Semiconductor Index added 1%.
In corporate news, Keysight Technologies (KEYS) shares jumped past 12%. The company posted better-than-expected fiscal Q3 results, while Chief Executive Satish Dhanasekaran forecast H2 orders to be higher than the previous six-month period.
GDS (GDS) shares popped over 18% after the company's Q2 results exceeded market expectations.
PagSeguro Digital (PAGS) shares tumbled 12% in recent trading, a day after the company reported Q2 earnings that rose less than expected.
