Tech stocks fall, XLK down 1.2%, XSD down 2.5%, Tesla missed Q1 expectations, ZBAO down 5%.

From Nasdaq: 2024-04-02 13:45:22

Tech stocks fell on Tuesday, with XLK down 1.2% and XSD dropping 2.5%. The Philadelphia Semiconductor index slumped 2.1%. Tesla’s Q1 vehicle deliveries missed expectations, causing shares to tumble 4.9%. Zhibao Technology shares fell 5% after debuting on Nasdaq, while PowerFleet shares rose 2.4% post-merger with MiX Telematics.



Read more at Nasdaq: Technology Sector Update for 04/02/2024: TSLA, ZBAO, PWFL