Sector Update: Tech

Tuesday, May 4, 2021 1:08 PM | MT Newswires

Technology stocks were sharply lower, with the SPDR Technology Select Sector ETF Tuesday slipping 2.6% while the Philadelphia Semiconductor Index was falling 2.6% this afternoon.

In company news, Image Sensing Systems (ISNS) tumbled almost 30% after the highway sensors company reported an year-over-year drop in Q1 revenue to $3 million from $3.2 million, upstaging a swing to a $1.1 million profit during the three months ended March 31 from a $111,000 net loss last year. Analyst estimates were not available.

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