Sector Update: Tech Stocks Mixed Pre-Bell Tuesday

MT Newswires Live12-03

Technology stocks were mixed pre-bell Tuesday as the Technology Select Sector SPDR Fund (XLK) was down 0.04% and the SPDR S&P Semiconductor ETF (XSD) was up 1.3% recently.

Zscaler (ZS) shares were down more than 6% after the company reported higher fiscal Q1 non-GAAP earnings and revenue. Separately, the company said Chief Financial Officer Remo Canessa will retire, effective upon the appointment of a successor.

Wipro (WIT) shares were up 0.4% after the company said it partnered with Netskope, a secure access service edge provider, to offer integrated cybersecurity services to global enterprises.

Palantir Technologies (PLTR) said it has been granted FedRAMP 'high authorization' for its cloud services, allowing the company to provide its offerings to more US government units. Palantir Technologies shares were down 1% premarket.

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