Sector Update: Tech Stocks Mixed Pre-Bell Friday

MT Newswires Live
08/22

Technology stocks were mixed pre-bell Friday, with the Technology Select Sector SPDR Fund (XLK) down 0.1% and the SPDR S&P Semiconductor ETF (XSD) 0.5% higher.

Ubiquiti (UI) stock was up by nearly 15% after the company reported higher fiscal Q4 non-GAAP earnings and revenue.

Workday (WDAY) shares were nearly 6% lower after the company said it signed a definitive agreement to acquire Paradox, a conversational AI company focused on streamlining the job application and hiring process.

Zoom Communications (ZM) shares were up more than 3% after the company posted higher Q2 adjusted earnings and revenue, and raised its fiscal 2026 outlook.

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