SPY421.97-0.14 -0.03%
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IXIC14,161.35+121.67 0.87%

Sector Update: Tech

05/12/2021 05:03

08:51 AM EDT, 05/12/2021 (MT Newswires) -- Technology stocks were declining premarket Wednesday as both the Technology Select Sector SPDR ETF (XLK) and the Semiconductor Sector Index Fund (SOXX) were off by more than 1%.

Lumentum Holdings (LITE) posted fiscal Q3 adjusted earnings of $1.40 per diluted share, up from $1.26 a year earlier. Analysts polled by Capital IQ expected $1.40. Lumentum was down by more than 8% in recent premarket trading.