Sector Update: Tech Stocks Advance Premarket Tuesday

Last Updated: Tuesday, September 14, 2021 9:29 AM | MT Newswires

Technology stocks were advancing premarket Tuesday. The Technology Select Sector SPDR ETF (XLK) was 0.41% higher and the Semiconductor Sector Index Fund (SOXX) was recently advancing by 0.27%.

Oracle (ORCL) reported fiscal Q1 non-GAAP earnings of $1.03 diluted per share, up from $0.93 a year earlier. Analysts polled by Capital IQ projected $0.97. Oracle was over 3% lower in recent trading.

Intuit (INTU) was up more than 1% after saying it agreed to buy marketing platform Mailchimp for about $12 billion in cash and stock.

Vimeo (VMEO) reported that its total revenue rose 33% for the month of August, compared with a 35% growth in July. Vimeo slipped nearly 3% in recent trading.

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