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Sector Update: Tech Stocks Mixed Premarket Friday
2024-08-23 21:09
09:09 AM EDT, 08/23/2024 (MT Newswires) -- Technology stocks were mixed premarket Friday with the Technology Select Sector SPDR Fund (XLK) up about 1% and the SPDR S&P Semiconductor ETF (XSD) 0.8% lower recently.
Workday (WDAY) shares were nearly 14% higher after it reported an increase in fiscal Q2 earnings and sales, beating market expectations.
Qualcomm (QCOM) said its subsidiary Qualcomm Technologies has entered a definitive agreement to buy Sequans Communications' (SQNS) 4G Internet of Things technologies for $200 million. Sequans Communications shares surged around 160% pre-bell.
Bill Holdings (BILL) shares were up almost 4% after it reported a stronger-than-forecast increase in fiscal Q4 earnings and sales.
