Sector Update: Tech

MT Newswires Live
05 May

Technology stocks fell pre-bell Monday as the Technology Select Sector SPDR Fund (XLK) was 1% lower and the SPDR S&P Semiconductor ETF (XSD) recently declined by 4%.

ON Semiconductor (ON) shares were up over 1% after the company reported lower Q1 non-GAAP earnings and revenue that still topped analysts' expectations.

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