Tech stocks, including XLK and XSD, down; Amazon's AWS and Workday partnership expands.

From Nasdaq: 2024-07-11 13:47:37

Tech stocks, including XLK and XSD, were down Thursday afternoon, with the Philadelphia Semiconductor index falling 3.1%. Amazon’s AWS and Workday are expanding a partnership for AI capabilities, pushing Workday shares up 1.5% but Amazon down 3.5%.

Apple filed a lawsuit challenging Florida’s $14.8 million tax assessment, causing Apple shares to drop 2.5%. Spotify is expected to report higher revenue and improved margins, leading UBS to raise their price target to $400 with a buy rating. Spotify shares fell 1.4%.



Read more at Nasdaq: Sector Update: Tech Stocks Retreat Thursday Afternoon