Sector Update: Tech Stocks Decline Pre-Bell Friday

MT Newswires Live
Aug 29

Technology stocks were declining pre-bell Friday, with the Technology Select Sector SPDR Fund (XLK) and SPDR S&P Semiconductor ETF (XSD) down 0.3%.

Dell Technologies (DELL) stock was down nearly 7% after the company issued guidance for fiscal Q3 adjusted earnings per share below analysts' expectations.

Affirm (AFRM) shares were up more than 17% after the company reported that it swung to fiscal Q4 diluted earnings as revenue increased during the period.

Autodesk (ADSK) shares were up nearly 13% after the company posted higher fiscal Q2 non-GAAP net income and revenue, and raised its fiscal 2026 outlook.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10