Sector Update: Tech

Last Updated: Friday, August 19, 2022 8:50 AM | MT Newswires

Technology stocks were retreating premarket Friday. The Technology Select Sector SPDR ETF (XLK) and the Semiconductor Sector Index Fund (SOXX) were both down more than 1% recently. Holdings (BILL) gained more than 16% after it reported a fiscal Q4 non-GAAP net loss of $0.03 per diluted share, compared with a loss of $0.07 per share a year earlier. Analysts polled by Capital IQ expected a loss of $0.14 per share.

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