financetom
Market
financetom
/
Market
/
Sector Update: Tech
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Tech
Nov 21, 2024 6:48 PM

03:26 PM EST, 11/21/2024 (MT Newswires) -- Tech stocks rose late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 1.4% and the SPDR S&P Semiconductor ETF (XSD) climbing 3.1%.

The Philadelphia Semiconductor index advanced 2%.

In corporate news, Kyndryl ( KD ) shares jumped 16% after the company announced a $300 million share buyback program.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS-Futures slip on higher bond yields; Starbucks falls after suspending forecast
US STOCKS-Futures slip on higher bond yields; Starbucks falls after suspending forecast
Oct 23, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Coca-Cola expects revenue at high end of previous forecast * Starbucks ( SBUX ) Q4 same-store sales, profit decline * Texas Instruments ( TXN ) gains after Q3 profit beat * Futures down: Dow 0.49%, S&P 500 0.23%, Nasdaq...
CEE MARKETS-Zloty declines, erasing yearly gains on US election concerns
CEE MARKETS-Zloty declines, erasing yearly gains on US election concerns
Oct 23, 2024
WARSAW, Oct 23 (Reuters) - The Polish zloty fell further on Wednesday, at one point erasing all the gains it made this year, as concerns around the upcoming U.S. presidential election put emerging market assets under pressure. Most emerging market currencies slipped on Wednesday, as investors tweaked their bets towards a gradual monetary policy easing by the Federal Reserve which...
Investors Look Ahead to Economic Data as US Futures Decline Pre-Bell
Investors Look Ahead to Economic Data as US Futures Decline Pre-Bell
Oct 23, 2024
08:13 AM EDT, 10/23/2024 (MT Newswires) -- US stock futures are moving lower in Wednesday's premarket session ahead of existing home sales figures, crude oil inventories, and a speech by Federal Reserve board member Michelle Bowman expected later in the morning. The Dow Jones Industrial Average futures were down 0.48%, the S&P 500 futures were off 0.21% and Nasdaq futures...
Northern Trust quarterly profit jumps on higher fee from asset management
Northern Trust quarterly profit jumps on higher fee from asset management
Oct 23, 2024
(Reuters) - Northern Trust ( NTRS ) reported a 42% rise in third-quarter profit on Wednesday, on a higher fee income from servicing and managing client assets, sending the asset and wealth manager's shares up 4.4% in trading before the bell. Expectations of further rate cuts which began in September, have bolstered investor sentiment, sparking a market rally, and boosted...
Copyright 2023-2025 - www.financetom.com All Rights Reserved