Sector Update: Tech Stocks Rise Premarket Thursday

MT Newswires Live
01-16

Technology stocks were rising premarket Thursday, with The Technology Select Sector SPDR Fund (XLK) 0.8% higher and the SPDR S&P Semiconductor ETF (XSD) up 1.2%.

DouYu International Holdings (DOYU) said it has appointed Simin Ren as co-chief executive officer, effective immediately. The company said it has also approved a special cash dividend of $9.94 per ordinary share or American depositary share to holders on record as of Feb. 10. Shares of DouYu International Holdings were up past 30% premarket.

Taiwan Semiconductor Manufacturing (TSM) shares were up over 5% after the company reported higher Q4 earnings and net sales.

Infosys (INFY) shares were down 0.4% even after the company reported higher fiscal Q3 earnings and revenue.

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