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Sector Update: Tech

· 02/05/2021 03:51

08:45 AM EST, 02/05/2021 (MT Newswires) -- Technology stocks were advancing premarket Friday. The Technology Select Sector SPDR ETF (XLK) was 0.32% higher and the Semiconductor Sector Index Fund (SOXX) was up 0.15% in recent trading.

Pinterest (PINS) was gaining more than 10% in value after reporting Q4 non-GAAP EPS of $0.43, up from $0.12 a year earlier. That result exceeded the $0.33 average estimate of analysts polled by Capital IQ.