Sector Update: Tech Stocks Mixed Late Afternoon

MT Newswires Live2024-11-13

Tech stocks were mixed late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) falling 2.1%.

The Philadelphia Semiconductor index dropped 1.1%.

In corporate news, Alight (ALIT) shares jumped 13% after the company posted Q3 adjusted earnings and revenue ahead of consensus.

Camtek (CAMT) shares popped past 6% after the company reported Q3 results ahead of estimates.

Sea (SE) shares surged nearly 11% after the company reported Q3 earnings of $0.24 per diluted share, compared with a loss of $0.26 a year earlier.

Alphabet's (GOOG) Waymo unit said Tuesday its self-driving robotaxi service is now open to everyone in Los Angeles. Waymo said it started commercial operations in Los Angeles earlier this year and 300,000 people joined its waitlist. Alphabet shares rose 1%.

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