Tech stocks, including XLK and XSD, rise while TD Synnex shares plummet

From Nasdaq: 2024-06-25 13:54:04

Tech stocks, including XLK and XSD, were up on Tuesday, with the Philadelphia Semiconductor index gaining 1.5%. However, TD Synnex (SNX) shares plummeted nearly 9% after disappointing Q2 results.

Microsoft (MSFT) violated EU antitrust rules by bundling Teams with Office 365, leading to a 0.5% increase in their shares. Meta Materials (MMAT) and former CEOs face market manipulation charges, causing their shares to drop by 2%. The accused CEOs vow to defend themselves against the accusations.



Read more at Nasdaq: Sector Update: Tech Stocks Rise Tuesday Afternoon