SPY425.10+2.50 0.59%
DIA341.98+3.20 0.94%
IXIC14,369.71+97.98 0.69%

Sector Update: Tech

05/07/2021 11:47

03:42 PM EDT, 05/07/2021 (MT Newswires) -- Technology stocks gave back a portion of their prior gains, with the SPDR Technology Select Sector ETF rising 1.0% in late regular-hours trade while the Philadelphia Semiconductor Index was advancing 1.5% this afternoon. In company news, Datadog (DDOG) was 8.5% higher in Friday trading after the data analytics company reported a $0.06 per share Q1 profit, matching its year-ago earnings and doubling up the Capital IQ consensus expecting $0.03 per share. Revenue for the quarter also topped analyst projections as the company projected Q2 revenue above Street views.