Technology Sector Update for 06/07/2023: META, MRVL, AMZN, CD

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2023-06-07 18:08:37  • 1 min

Tech stocks were lower Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 1.3% and the Philadelphia Semiconductor index falling inching up 0.04%.

In company news, Meta Platforms' (META) Instagram allegedly promotes underage content and connects a network of pedophiles, investigations by The Wall Street Journal and researchers at Stanford University and the University of Massachusetts Amherst suggested. Meta shares were down 1.7%.

Marvell Technology (MRVL) won an order for Amazon.com's (AMZN) second-generation Application-Specific Integrated Circuit, or ASIC, chip design, media reports said Wednesday. Marvell Technology shares were up 1%.

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Tech stocks were lower late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 2% and the Philadelphia Semiconductor index shedding...
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2023-10-03 19:48:25  • 1 min
Technology stocks were down pre-bell Tuesday, with the Technology Select Sector SPDR Fund ( XLK ) 0.8% lower and the SPDR S&P Semiconductor ETF ( XSD )...
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2023-10-03 13:11:09  • 1 min
Fintel reports that on October 2, 2023, Truist Securities reiterated coverage of Meta Platforms Inc - ( NASDAQ:META ) with a Buy recommendation. Analyst...
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2023-10-02 23:44:41  • 1 min
Financial stocks were declining premarket Tuesday with the Financial Select Sector SPDR Fund ( XLF ) 0.5% lower recently. The Direxion Daily Financial Bull...
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2023-10-03 13:25:01  • 1 min
Financial stocks were decreasing in Tuesday afternoon trading with the NYSE Financial Index dropping 1.5% and the Financial Select Sector SPDR Fund (XLF) off...
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2023-10-03 17:37:33  • 1 min
Consumer stocks were slipping premarket Tuesday with the Consumer Staples Select Sector SPDR Fund ( XLP ) recently down 0.4% and the Consumer Discretionary...
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2023-10-03 13:20:31  • 1 min
Health care stocks were lower Tuesday afternoon with the NYSE Health Care Index falling 1.2% and the Health Care Select Sector SPDR Fund (XLV) down 0.9%. The...
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2023-10-03 17:40:55  • 1 min
Stocks recently posted their worst month and first negative quarter of 2023 as the possibility of interest rates remaining higher for longer weighed on...
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2023-10-03 16:36:00  • 1 min
Energy stocks were declining Tuesday afternoon, with the NYSE Energy Sector Index decreasing 0.5% and the Energy Select Sector SPDR Fund (XLE) down 0.4%. The...
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2023-10-03 17:33:15  • 1 min
Health care stocks were lower late Tuesday afternoon, with the NYSE Health Care Index falling 1.3% and the Health Care Select Sector SPDR Fund (XLV) down...
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2023-10-03 19:52:54  • 1 min
In the face of higher rate fears for a longer period and soaring yields, Wall Street has shown strong resilience this year, underscoring economic optimism...
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2023-10-03 16:10:00  • 2 mins
Energy stocks were declining late Tuesday afternoon with the NYSE Energy Sector Index decreasing 0.7% and the Energy Select Sector SPDR Fund (XLE) down 0.3%....
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2023-10-03 19:37:31  • 1 min
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Health Care Select...
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2023-10-03 15:26:24  • 1 min
Technology stocks were mixed premarket Monday as the Technology Select Sector SPDR Fund ( XLK ) was down 0.1% and the SPDR S&P Semiconductor ETF ( XSD )...
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2023-10-02 13:14:14  • 1 min
Financial stocks were declining premarket Monday with the Financial Select Sector SPDR Fund ( XLF ) 0.3% lower recently. The Direxion Daily Financial Bull 3X...
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2023-10-02 13:19:15  • 1 min
Energy stocks were declining pre-bell Tuesday with the Energy Select Sector SPDR Fund ( XLE ) down 0.3%. The United States Oil Fund ( USO ) was 0.5% higher...
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2023-10-03 13:29:04  • 1 min
Key Points The Nasdaq fell 1.9% on Tuesday, pacing a broader market decline that was sparked by concerns of rising interest rates. Airbnb shares dropped 6.5%...
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2023-10-03 20:23:29  • 1 min
Health care stocks were leaning lower pre-bell Tuesday with the Health Care Select Sector SPDR Fund ( XLV ) declining by 0.3% and the iShares Biotechnology...
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2023-10-03 13:18:32  • 1 min
Tech stocks were mixed late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.6% and the Philadelphia Semiconductor index down...
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2023-10-02 19:43:04  • 1 min
Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.6% and the Philadelphia Semiconductor index fractionally...
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2023-10-02 17:41:46  • 1 min