Sector Update: Tech

Last Updated: Friday, May 27, 2022 3:56 PM | MT Newswires

Technology stocks were advancing on Friday, with the SPDR Technology Select Sector ETF (XLK) rising 2.9% while the Philadelphia Semiconductor Index was gaining 3.7% this afternoon. In company news, Autodesk (ADSK) added nearly 11% after the software firm reported Q1 net income of $1.43 per share compared with a $1.03 per share profit during the year-ago period and beating the Capital IQ consensus by 0.09 per share.

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