Sector Update: Tech Stocks Mixed Late Afternoon

MT Newswires Live2024-11-09

Tech stocks were mixed late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.2% and the SPDR S&P Semiconductor ETF (XSD) gaining 0.5%.

The Philadelphia Semiconductor Index was shedding 1%.

In corporate news, ASML (ASML) experienced a global IT outage on Friday affecting its facilities worldwide, Bloomberg reported. Its shares fell 1.3%.

Doximity (DOCS) shares surged nearly 35%. The company was upgraded by Wells Fargo to equalweight from underweight and by KeyBanc to overweight from sector weight following its fiscal Q2 results.

Tesla (TSLA) shares jumped 7.8%, pushing the company's market cap over $1 trillion for the first time in more than two years. Separately, Tesla said it's providing an option to lease its Cybertruck, starting at $999 a month.

Axon Enterprise (AXON) reported a surge in Q3 adjusted earnings and sales and raised 2024 revenue guidance. Its shares soared 28.6%.

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