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

Sector Update: Tech

05/11/2021 09:03

12:51 PM EDT, 05/11/2021 (MT Newswires) -- Technology stocks were beginning to pare some of their morning losses, with the SPDR Technology Select Sector ETF Tuesday slipping 0.7% while the Philadelphia Semiconductor Index was falling 0.5% this afternoon. In company news, Virgin Galactic (SPCE) fell 3% after the company late Monday reported a Q1 loss of $0.55 per share, improving on a $1.86 per share loss during the same quarter in 2020 but more than the Capital IQ consensus expecting a $0.28 per share net loss.