Sector Update: Tech

Last Updated: Thursday, August 18, 2022 8:49 AM | MT Newswires

Technology stocks were gaining pre-bell Thursday. The Technology Select Sector SPDR ETF (XLK) was up 0.1% and the Semiconductor Sector Index Fund (SOXX) was 0.4% higher recently.

Cisco Systems (CSCO) reported fiscal Q4 non-GAAP EPS of $0.83, down from $0.84 a year ago. Analysts polled by Capital Iq expected $0.82. Shares of the company were up 5%.

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