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Sector Update: Tech Stocks Lower to Flat Premarket Thursday
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Sector Update: Tech Stocks Lower to Flat Premarket Thursday
Dec 26, 2024 6:22 AM

09:06 AM EST, 12/26/2024 (MT Newswires) -- Technology stocks were lower to flat premarket Thursday as the Technology Select Sector SPDR Fund (XLK) was recently down 0.4% and the SPDR S&P Semiconductor ETF ( XSD ) was inactive.

Meta Platforms ( META ) has reportedly agreed to pay $1 million and reform its advertising system in Israel to resolve a class action suit alleging that Meta's tools enabled employers to discriminate against job seekers on grounds of age and gender, local media outlet Globes reported. Meta Platforms ( META ) shares were 0.4% lower pre-bell.

Uber Technologies' ( UBER ) $950 million acquisition of Delivery Hero's Foodpanda business in Taiwan has been blocked on anti-competition grounds by the country's antitrust regulator, Delivery Hero said Wednesday. Uber Technologies ( UBER ) shares were down 0.2% premarket.

Rigetti Computing ( RGTI ) shares were down over 1%, swinging from a gain of over 3% the previous session following the launch of the company's new quantum computer.

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