Tech stocks saw gains late afternoon, with XLK up 0.3% and XSD up 1.7%.

From NASDAQ: 2024-07-02 15:55:26

Tech stocks saw gains late Tuesday with XLK increasing by 0.3% and XSD climbing 1.7%. The Philadelphia Semiconductor index rose by 0.9%. Meta Platforms announced significant investment in generative AI, causing its shares to increase by 0.8%.

Pure Storage shares dropped by 4.4% after a downgrade by UBS, while Roadzen shares surged by 77% due to higher annual revenue. Versus Systems saw a 46% increase in shares after announcing a restructuring and new CEO appointment.



Read more at NASDAQ: Sector Update: Tech Stocks Higher Late Afternoon