From NASDAQ: 2024-04-30 15:56:53

Tech stocks saw a decline with XLK dropping 1.7% and XSD down 0.9%, while the Philadelphia Semiconductor index fell 1.5%. Alphabet’s Google agreed to pay $5-6 million yearly to News Corp for AI content, causing Alphabet shares to decrease by 1.5% and News Corp to drop 1.2%.

Hubbell reported Q1 earnings of $3.60 per diluted share, down from last year, leading to an 8.8% decrease in their shares. F5 slumped 9.4% after missing Q2 revenue forecasts and providing lower guidance for Q3. MicroStrategy shares plunged 17% following lower-than-expected Q1 results.

Read more at MarketWatch: Technology Sector Update for 04/30/2024: GOOG, NWSA, HUBB, FFIV, MSTR