Sector Update: Tech Stocks Slide Late Afternoon

MT Newswires Live12-18 04:54

Tech stocks dropped late Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.8% and the SPDR S&P Semiconductor ETF (XSD) falling 2.4%.

The Philadelphia Semiconductor index dropped 1.9%.

In corporate news, Nukkleus (NUKK) shares soared ninefold. The company bought a 51% controlling stake in Star 26 Capital, a defense acquisition firm holding 95% ownership in Rimon, an Israeli supplier of "critical components" for the Iron Dome missile defense system, for $26 million.

Sealsq (LAES) shares jumped 21%. The company announced a partnership with Hedera to deliver "quantum-resistant semiconductors."

Cloudflare (NET) shares rose 3% after Stifel Nicolaus upgraded the stock to buy from hold and raised its price target to $136 from $95.

Amentum (AMTM) shares tumbled 9.9%, a day after the company reported a decline in fiscal Q4 adjusted earnings and sales.

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492399074?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-18 04:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492399074","market":"sh","top_or_hot":-1,"title":"Sector Update: Tech Stocks Slide Late Afternoon","media":"MT Newswires Live","content":"<html><body><p> Tech stocks dropped late Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.8% and the SPDR S&amp;P Semiconductor ETF (XSD) falling 2.4%.</p><p>The Philadelphia Semiconductor index dropped 1.9%.</p><p>In corporate news, <a href=\"https://laohu8.com/S/NUKK\">Nukkleus</a> (NUKK) shares soared ninefold. The company bought a 51% controlling stake in Star 26 Capital, a defense acquisition firm holding 95% ownership in Rimon, an Israeli supplier of \"critical components\" for the Iron Dome missile defense system, for $26 million.</p><p>Sealsq (LAES) shares jumped 21%. The company announced a partnership with Hedera to deliver \"quantum-resistant semiconductors.\"</p><p>Cloudflare (NET) shares rose 3% after Stifel Nicolaus upgraded the stock to buy from hold and raised its price target to $136 from $95.</p><p>Amentum (AMTM) shares tumbled 9.9%, a day after the company reported a decline in fiscal Q4 adjusted earnings and sales.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sector Update: Tech Stocks Slide Late Afternoon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSector Update: Tech Stocks Slide Late Afternoon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 04:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech stocks dropped late Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.8% and the SPDR S&P Semiconductor ETF (XSD) falling 2.4%.The Philadelphia Semiconductor index ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7016","symbol_name":"应用软件","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2492399074","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492399074","pubTimestamp":1734468883,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Tech stocks dropped late Tuesday afternoon with the Technology Select Sector SPDR Fund  decreasing 0.8% and the SPDR S&P Semiconductor ETF  falling 2.4%.The Philadelphia Semiconductor index dropped 1.9%.In corporate news, Nukkleus  shares soared ninefold. The company bought a 51% controlling stake in Star 26 Capital, a defense acquisition firm holding 95% ownership in Rimon, an Israeli supplier of \"critical components\" for the Iron Dome missile defense system, for $26 million.Sealsq  shares jumped 21%. The company announced a partnership with Hedera to deliver \"quantum-resistant semiconductors.\"Cloudflare  shares rose 3% after Stifel Nicolaus upgraded the stock to buy from hold and raised its price target to $136 from $95.Amentum  shares tumbled 9.9%, a day after the company reported a decline in fiscal Q4 adjusted earnings and sales.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7016":"应用软件","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","XSD":"SPDR S&P Semiconductor ETF","LAES":"SEALSQ Corp","BK4554":"元宇宙及AR概念","BK4123":"调查和咨询服务","NET":"Cloudflare, Inc.","BK4548":"巴美列捷福持仓","BK4116":"互联网服务与基础架构","NUKK":"Nukkleus","BK4023":"应用软件","XLK":"高科技指数ETF-SPDR","BK4585":"ETF&股票定投概念","NET.AU":"NETLINKZ LTD","AMTM":"Amentum Holdings, Inc.","BK4560":"网络安全概念","BK4141":"半导体产品","BK4588":"碎股"},"translate_title":"行业更新：科技股午后下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XSD":1,"XLK":1,"NET.AU":1,"NUKK":0.9,"NET":0.9,"LAES":0.9,"AMTM":0.9},"content_text":"Tech stocks dropped late Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.8% and the SPDR S&P Semiconductor ETF (XSD) falling 2.4%.The Philadelphia Semiconductor index dropped 1.9%.In corporate news, Nukkleus (NUKK) shares soared ninefold. The company bought a 51% controlling stake in Star 26 Capital, a defense acquisition firm holding 95% ownership in Rimon, an Israeli supplier of \"critical components\" for the Iron Dome missile defense system, for $26 million.Sealsq (LAES) shares jumped 21%. The company announced a partnership with Hedera to deliver \"quantum-resistant semiconductors.\"Cloudflare (NET) shares rose 3% after Stifel Nicolaus upgraded the stock to buy from hold and raised its price target to $136 from $95.Amentum (AMTM) shares tumbled 9.9%, a day after the company reported a decline in fiscal Q4 adjusted earnings and sales.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492399074"}